Unformatted text preview: accounting and verifying they bring in the right amount of money and they know how many tickets are sold. He should not give out keys to the money box because collecting and holding money should be separated to different people. Keith also should have made the DJ give him a receipt for the records. If he used proper internal control principles he would have had the correct amount of money to give to the principal....
View Full Document
This note was uploaded on 04/01/2008 for the course ACCT 100 taught by Professor Punke during the Fall '08 term at University of Wisconsin.
- Fall '08