Identify Which Principle of Internal Control Is Being Followed in Each

question 212

Essay

Identify which principle of internal control is being followed in each of the following cases.
1. Warehouse employees do not have access to the accounting records.
2. Pre-numbered shipping documents are prepared for each shipment of goods.
3. The locked warehouse is accessible only by warehouse employees with keys.

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Definitions:

Privacy Concerns

Worries individuals or groups have regarding the protection and handling of their personal information.

Online Consumers

Users who procure products or services on the internet.

Security Issues

Concerns or problems related to the protection of data, information systems, and communication networks from unauthorized access, attacks, or damage.

Financial News Publication

A media outlet that focuses on reporting financial markets, economic trends, and news related to finance and investment.