which one of the following below reflects a weak internal control system?
which one of the following below reflects a weak internal control system? a. a single employee is responsible for collecting and recording of cash
b. all employees must take their vacations
c. all employees are well supervised
d. a single employee is responsible for comparing a receiving report to an invoice
I would say "a" because two critical functions (both collecting and recording of cash) are only handled by one person. There is no check or balance to ensure accuracy and honesty. At the very least, one person should collect, another should record, and both must agree to the balance.
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