The daily cash count of cash register receipts made by department supervisors is an example of
A) human resource controls.
B) independent internal verification.
C) establishment of responsibility.
D) segregation of duties.

Question

Quizplus · Accepted Answer

The daily cash count of cash register receipts made by department supervisors is an example of independent internal verification. This is because the supervisors are verifying the accuracy of the cash register receipts independently, without relying on other individuals or departments. This helps to ensure that errors or fraud are detected and corrected in a timely manner. Human resource controls, establishment of responsibility, and segregation of duties may also be important controls in cash handling, but they are not specifically illustrated by this example.

The Daily Cash Count of Cash Register Receipts Made by Department