problem 8-1A - 4 Establish Responsibilities and Perform...

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1 Divide Responsibility for Related Transactions They should hire another employee to post the customer's payment to their respective accounts while Heather Fla record all incoming customer cash receipts. This is to ensure that the work of one individual acts as a check on th 2 Establish Responsibilities There should proper turnover if it is really necessary for Jose to fill in. Jeff should know how much he left and how over to him when he came back, and vise versa. This way, they, both Jeff and Jose can establish who is liable when p 3 Divide Responsibility for Related Transactions Like in No. 1, they should hire another employee to post the customer's payment Nadine will record all charges. This is to ensure that the work of one individual acts as a check on the other. Also, the should consider storing their back ups on more secure places not just in a lock files in their desks.
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Unformatted text preview: 4 Establish Responsibilities and Perform Regular and Independent Reviews Barto should clearly establishand assign responsibility for a task to his employees because if problem occurs in a where responsibility is not identified, determining who is at fault is difficult. In addition, this will also help him asses employees are efficient or just wasting their time. 5 Insure Assets and Bond Key Employees Desi should continue to bond the employees. Desi might not notice that the reason why the company has not experience any losses due to employee theft is that because bonded employees know an independent bonding company will be involved when theft is uncovered and is unlikely to be sympathetic with an employee inv...
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