Which of These Arrangements of Duties Could Most Likely Lead

question 44

Multiple Choice

Which of these arrangements of duties could most likely lead to an embezzlement or theft?

• A) The inventory warehouse manager has responsibility for making the physical inventory observation and reconciling discrepancies to the perpetual inventory records.
• B) The cashier prepared the bank deposit, endorsed the checks with a company stamp, and delivered the cash and checks to the bank for deposit (no other bookkeeping duties).
• C) The accounts receivable clerk received a list of payments received by the cashier so he could make entries in the customers' accounts receivable subsidiary accounts.
• D) The financial vice president received checks made out to suppliers and the supporting invoices, signed the checks, and mailed the checks.

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