The office manager forgot to record in the accounting records the daily bank deposit.Which control procedure would most likely prevent or detect this error?
A)segregation of duties
B)independent verification
C)accounting records
D)supervision

Question

Quizplus · Accepted Answer

Independent verification would involve having another person verify or review the daily bank deposit to ensure it is recorded in the accounting records. This would prevent or detect the error of the office manager forgetting to record the deposit. The other control procedures listed (segregation of duties, accounting records, supervision) may help prevent or detect other errors or fraud, but may not specifically address the issue of a missed bank deposit.

The Office Manager Forgot to Record in the Accounting Records