Unformatted text preview: is Dean Leiser. This should not be acceptable because there needs to be someone else involved in the activities. This is so there is accuracy and more of a safeguard from expropriation. 3. Like before, the sufficient separation of duties is not helpful for the internal control system for the disbursements, so this is why two people need to be involved. The duties need to be separated by Fran. He has the control of the deposits and subsidiary ledger for the accounts receivable. Another noted sign, the company needs to make it a point to have the customers pay by check and no use the cash....
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- Fall '10
- Cheque, Generally Accepted Accounting Principles