Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 33

Evaluating internal control over cash payments
Gary's Great Cars purchases high-performance auto parts from a Nebraska vendor, Dave Simon, the accountant for Gary's, verifies receipt of merchandise and then pre-pares, signs, and mails the check to the vendor.
Requirements
1. Identify the internal control weakness over cash payments.
2. What could you do to correct the weakness