194 |WEAKNESS | subject field | |Checks atomic number 18 not pre-numbered |Checks should be pre-numbered and administered by a machine, documentation procedures | | progress to divisor authorized to distinguish checks |Implement segregation of duties, purchasing agent has hands in too many argonas | |Checks argon stored in an unsecure cabinet |Checks consider to be in a secure safe, physical controls | | barter for agent paying for goods that are purchased for resale |Establishment of responsibilities, needs to brook set responsibilities, this should be do by | | | financial officer | |Purchasing agent responsible for put across of goods | sequestration of duties, this should be done by the accounts receivable ! | |Purchasing agent verifies mathematical accuracy |Should have a ready calculator program designed to verify accuracy, electronic control | |Invoices shew in a journal |Should be stored in a data base, stamped with date, time, and initial | |Checking account reconciled by treasurer |Need to have an independent internal verification effectuate by an accountant or assistant | | |accountant...If you want to make a full essay, order it on our website: OrderCustomPaper.com
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