Examlex

Solved

During an Audit of LCG, Co, You Discover That One

question 77

Essay

During an audit of LCG, Co, you discover that one employee is responsible for receiving cash and recording the cash receipts in the accounting system.A second employee is responsible for making the daily deposits to cash.Evaluate the segregation of duties over cash receipts.


Definitions:

San Andreas Fault

A major geological fault in California formed by the boundary between the Pacific and North American tectonic plates, known for causing significant earthquakes.

Density Profile

The variation of density within a substance or object as a function of its composition or structure, often used in geological contexts to understand earth or planetary interiors.

Streambed

The bottom of a stream or river channel where water flows; composed of sediment and particles that are transported by the stream.

Uppermost Layer

Refers to the topmost layer of a material or structure, such as the Earth's surface or the atmosphere.

Related Questions