Reference no: EM132704286

Problem 1: An employee who opens mail which includes customer payments steals cash and changes the cash receipts listing to cover up the theft. Segregation of which duties would prevent this?

a. Custody of Assets and Recording

b. Review and Authorization

c. Recording and Reconciliation

d. Primary Authorization and Reconciliation

e. No separation of duties would have helped; the case involved collusion

Problem 2: A person who handles inventory also handles cash. From a segregation of duties perspective, this is:

a. OK

b. Not OK

Problem 3: A person who reviews and approves sales orders also reviews and approves shipments. From a segregation of duties perspective, this is:

a. Ok

b. Not OK

Problem 4: A person who receives inventory purchases also writes off accounts receivable. From a segregation of duties perspective, this is:

a. OK

b .Not OK