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Which is an example of a proper internal controls strategy

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Reference no: EM132988320

Problem 1: Which of the following is an example of a proper internal controls strategy?

(A) Segregating the responsibilities of the Teller and Associate Pastor

(B) Segregating the responsibilities of the Treasurer and Financial Secretary

(C) Segregating the responsibilities of the Preschool Principal and Preschool Teacher

(D) Segregating the responsibilities of the Pastor and Choir Director

Problem 2: All the following are best practices to handle cash EXCEPT:

(A) Make sure cash handling duties are segregated.

(B) Make adjustments to the cash handling process under different situations.

(C) Follow a strict schedule to deposit, count, and balance cash.

(D) Limit the employees who handle cash.

Reference no: EM132988320

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