Two clerks sharing the same cash register is a violation of which internal control principle?
A)Establish responsibilities.
B)Maintain adequate records.
C)Insure assets.
D)Bond key employees.
E)Apply technological controls.

Question

Quizplus · Accepted Answer

The principle of establishing responsibilities requires that each employee is assigned specific duties and that there is a clear segregation of duties to prevent any one employee from having too much control over a transaction. Sharing a cash register violates this principle as it allows multiple employees to have access to the same transaction data and increases the risk of errors or fraud.

Two Clerks Sharing the Same Cash Register Is a Violation