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.

---

Definitions:

Spearman Rank

A nonparametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.

Ordinal Variables

Variables that represent categories with a natural order or ranking among them, though the intervals between the rankings may not be equal.

Interval Variables

Variables that have measurable distances between values but no true zero point, allowing for the calculation of meaningful differences.

Relationship

A connection or association between two or more variables in a dataset or study.