The daily cash count of cash register receipts made by department supervisors is an example of
A) other 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, which involves the review of data and balances by someone within the organization who is independent of the personnel responsible for the data. This ensures that errors or irregularities are detected and corrected promptly. Other controls, establishment of responsibility, and segregation of duties are important internal control principles but are not directly applicable to this scenario.

The Daily Cash Count of Cash Register Receipts Made by Department