Solution-Identify the principle of internal control that is

Identify the principle of internal control that is violated

Assignment Help Accounting Basics

Reference no: EM131961742

Question - For each of the independent cases below, identify the principle of internal control that is violated, and recommend what should be done to remedy the violation. Answer should be at least one paragraph.

A. In order to save money, Regal Company has decided to drop its property insurance on assets; and stop bonding the cashiers who handle about $10,000 in cash each day.

B. Halton Company records each sale on a preprinted invoice. Since sometimes invoices are damaged in the process of being prepared, the invoices are not pre-numbered, but the sales clerk writes the next number onto each invoice.

Reference no: EM131961742

Questions Cloud

Optimal management of a fishery : In the context of the economic theory of resource economics, what is a steady state? What role does it play in the analysis of the optimal management.

Calculate the marginal costs and marginal benefits : Calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. What is the optimal level of sewage for this city?

Examine the marketing science of customer behavior : Examine the marketing science of customer behavior and products in the marketing exchange process and create dynamic strategies for competing.

Examine some of the step that are involve in designing goods : Examine some of the steps that are involved in designing goods and services. Select two services or two products that are currently on the market.

Identify the principle of internal control that is violated : For each of the independent cases below, identify the principle of internal control that is violated, and recommend what should be done to remedy the violation

Frictional or structural unemployment : How will this affect frictional or structural unemployment? Decribe how?

What is the demand for money when the interest rate : Suppose that the household nominal income for an economy is $50, 000 billion and the demand for money in this economy is given by, Md =$Y(0.2 0.8i)

What is the partnership adjusted basis for the property : Han Solo and Chewbacca are forming HC, LLC. What is the partnership's adjusted basis for the property contributed by Chewie

Describe a natural monopoly : Describe a natural monopoly. Illustrate, and explain, the three "regulatory

User Account

All Pages

Identify the principle of internal control that is violated

Reference no: EM131961742

Reference no: EM131961742

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT