Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For each of these five separate cases, identify the principle( s) of internal control that is violated. Recommend what the business should do to ensure adherence to principles of internal control.
1. Latisha Tally is the company's computer specialist and oversees its computerized payroll system. Her boss recently asked her to put password protection on all office computers. Latisha has put a password in place that allows only the boss access to the file where pay rates are changed and personnel are added or deleted from the payroll.
2. Marker Theater has a computerized order taking system for its tickets. The system is active all week and backed up every Friday night.
3. Sutton Company has two employees handling acquisitions of inventory. One employee places purchase orders and pays vendors. The second employee receives the merchandise.
4. The owner of Super Pharmacy uses a check protector to perforate checks, making it difficult for any one to alter the amount of the check. The check protector is on the owner's desk in an office that contains company checks and is normally unlocked.
5. Lavina Company is a small business that has separated the duties of cash receipts and cash disbursements.The employee responsible for cash disbursements reconciles the bank account monthly.
Under Halsey system of wage plan the effective hourly rate is higher upto 50% of the time saved and decreases thereafter. Is this statement is correct or incorrect and what is the reason for the same?
The Department of Defense moved funds from the Overseas Contingency Transfer Account to the Army's Military Personnel appropriation to cover extra costs associated with deploying troops unexpectedly to Afghanistan.
The accounts payable account is used only for direct materials. Find How much will Nunnally report as accounts payable on their balance sheet at the end of May?
What amount of equity method income would Russell recognize in 2011 from its ownership interest in Thacker and what is the equity method balance in the Investment in Thacker account at the end of 2011?
Draft a memo to a client comparing the advantages and disadvantages of using forward contracts and options to hedge foreign exchange risk.
Identify the steps that pertain to activity-based costing. What are the advantages of ABC costing?
What percentage of sales can Newkirk pay as royalty to the stadium and earn $180,000 for the season? (Round to nearest one-tenth of a percentage point.)
What amount of interest expense is reported for 2009 and would the bond interest expense reported in 2009 would be reported if the straight-line method of amortization were
A manufacturing company has a beginning finished goods inventory of $15,600, raw material purchases of $19,000, cost of goods manufactured of $34,500, and an ending finished goods inventory of $18,800. The cost of goods sold for this company
What amount should the building be recorded and should revenue be recorded for the savings between the cost of $50,000 and the bid of $60,000?
The Fringe Benefit Tax in New Zealand was introduced in the mid 1980's as an anti-avoidance measure for employment income
Determine the amount of telephone expense that should be allocated to each of the three departments and determine the amount of office expense that should be allocated to Department 3.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd