Homework 5 - Homework 5 Weakness The head usher counts the...

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Homework 5 Weakness: The head usher counts the offering in the church office following each service. He then places the offering and a notation of the amount counted in the church safe. Recommended improvement: One of the ushers should be in the room with the head usher while the cash is counted and verify the head usher’s cash count. The other usher needs to also verify the amount being notated. Weakness: The usher counts the offering and the financial secretary recounts the next day. Recommended improvement: In order to reduce risk, someone from the finance committee (not the financial secretary) should recount the offering the same night as collected. They should then record on their books the amount of cash straightaway. Having another employee from the finance committee count the money would increase the segregation of duties within the church’s internal control. Weakness: The financial secretary withholds about $100 to meet cash expenditures during the coming week and deposits the remainder of the offering intact.
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