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Indicate a weakness in the company internal control

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Reference no: EM131618350

Question: A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:

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Which of the following would indicate a weakness in the company's internal control?

a. Clerk 1 opens all of the incoming mail.

b. Clerk 2 reconciles the accounts payable ledger with the general ledger monthly.

c. Clerk 3 mails the checks and remittances after they have been signed.

d. The treasurer uses a stamp for signing checks.

Reference no: EM131618350

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