Which internal control procedure is violated when the cashier at the checkout stand also records the daily receipts in the journal?
A)Segregation of duties
B)Independent review and appraisal
C)Independent verification
D)Proper authorizations

Question

Quizplus · Accepted Answer

The segregation of duties principle requires that no single individual should be able to control all aspects of a transaction or financial activity. When the cashier at the checkout stand also records the daily receipts in the journal, it violates the segregation of duties principle because the same individual is responsible for both handling cash and maintaining the accounting records.

Which Internal Control Procedure Is Violated When the Cashier at the Checkout