Which one of the following would the auditor consider to be an incompatible operation if the cashier receives remittances from the mailroom?
A) The cashier makes the daily deposit at a local bank.
B) The cashier prepares the daily deposit.
C) The cashier posts the receipts to the accounts receivable subsidiary ledger cards.
D) The cashier endorses the cheques.

Question

Quizplus · Accepted Answer

Posting receipts to the accounts receivable subsidiary ledger cards is incompatible with receiving remittances because it allows the cashier to both handle cash and record transactions, increasing the risk of fraud or errors.

Which One of the Following Would the Auditor Consider to Be