Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 3

A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:

Which of the following would indicate a weakness in the company's internal control?
A) Clerk 1 opens all of the incoming mail.
B) Clerk 2 reconciles the accounts payable ledger with the general ledger monthly.
C) Clerk 3 mails the checks and remittances after they have been signed.
D) The treasurer uses a stamp for signing checks.