A daily cash count of register receipts made by a cashier department supervisor demonstrates an application of which of the following internal control principles?
A) Documentation procedures.
B) Segregation of duties.
C) Establishment of responsibility.
D) Independent internal verification.

Question

Quizplus · Accepted Answer

The daily cash count of register receipts made by a cashier department supervisor is an example of independent internal verification, which is one of the internal control principles. This principle involves the review, comparison, and reconciliation of data by personnel who are not directly involved in the activity being verified, such as a supervisor double-checking the work of a cashier.

A Daily Cash Count of Register Receipts Made by a Cashier