The daily bank deposit is made by whoever is going to lunch near the bank.This is an internal control ________.

Question

Quizplus · Accepted Answer

The daily bank deposit being made by whoever is going to lunch near the bank is a weakness in internal control because there is no designated person or process in place for the crucial task of depositing funds. This lack of structure increases the risk of errors, fraud, and loss of funds.

The Daily Bank Deposit Is Made by Whoever Is Going