Which of the Following Procedures Would Weaken the Control Over

question 52

Multiple Choice

Which of the following procedures would weaken the control over cash receipts that arrive through the mail?

• A)After the mail is opened,a list (in triplicate) of the money received is prepared with a record of the sender's name,the amount,and an explanation of why the money is sent.
• B)The bank reconciliation is prepared by a person who does not handle cash or record cash receipts.
• C)For safety,only one person should open the mail and that person should immediately deposit the cash received in the bank.
• D)The cashier should not also be the record keeper who records the amounts received in the accounting records.
• E)All of the above are good internal control procedures over cash receipts that arrive through the mail.

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Definitions:

Statistical Conclusion Validity

The extent to which conclusions drawn from statistical analysis accurately reflect the true state of affairs in the observed data.

Construct Underrepresentation

A situation in which a test or measure fails to fully capture or include all the facets and dimensions of a theoretical construct that it is intended to assess.

Correlation

A statistical measure that describes the degree to which two variables move in relation to each other, indicating the strength and direction of their relationship.

Irrelevant Aspects

Elements that do not pertain or contribute to the core subject or objective under consideration.