acc wk 4 assi. - Internal Cash Control Brittnee Volk...

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Internal Cash Control Brittnee Volk ACC/220 August 28, 2011 Savedra Scott E4-5 I have found a few weaknesses within the Idaho Company over their internal control over cash disbursement. The weaknesses I found are that the checks are not pre-numbered, the checks were not in a locked cabinet and that more than one person can write them out. All checks should be numbered so that you can keep track of what amount it was and where it was written to. Being able to keep track of the checks is important so that if one happens to go missing you can either track it down or suspect theft is going on. The second weakness is that the checks were not locked up and not having them locked up can lead to them being stolen. And the last weakness is that more than one person was allowed to write checks. Having more than one person writing checks can lead to trouble. All checks should be numbered, placed in a locked cabinet and have only one person writing them out. Having all this take place will eliminate room for error. If these are done there will be less of a chance someone could steal them, a better system for tracking, and a better way
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acc wk 4 assi. - Internal Cash Control Brittnee Volk...

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