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Match Each of the Following with the Internal Control That

Question 249

Matching

Match each of the following with the internal control that best minimizes the related risk.There is only one best answer for each.

Premises:

Responses:

Customers steal inventory from the warehouse.

Limiting access

The employee at the receiving dock steals some of the inventory without being caught because she writes down a lower number of goods received on the receiving report.

Segregation of duties

Bart Simpson, the purchasing agent, always orders the company's inventory from Uncle Crusty.

Selection of Reliable Vendors

Premises:

Customers steal inventory from the warehouse.

The employee at the receiving dock steals some of the inventory without being caught because she writes down a lower number of goods received on the receiving report.

Bart Simpson, the purchasing agent, always orders the company's inventory from Uncle Crusty.

Responses:

Limiting access

Segregation of duties

Selection of Reliable Vendors

Correct Answer:

Premises:

Responses:

Customers steal inventory from the warehouse.

The employee at the receiving dock steals some of the inventory without being caught because she writes down a lower number of goods received on the receiving report.

Bart Simpson, the purchasing agent, always orders the company's inventory from Uncle Crusty.

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