Write checks or initiate efts

Reference no: EM133654159

Question: Several salesclerks share the same cash drawer. The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees. Employees that handle easily transferable assets such as cash are bonded. The recordkeeper is not allowed to write checks or initiate EFTs. The company saves money by having employees involved in operations perform the only review of internal controls.

Reference no: EM133654159

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