ACCT 311 HW # 4 and 5 - Accounting 311 Homework 5 Problems...

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Accounting 311 Homework 5 Problems: 3-3) a. Sethi limited herself to only one months activity because at the end of the month, the checks that he stole would have showed up to J. Benson. Also the collection calls for th money would of started and the customer all would of said they already paid the amount due, b. Some controls that could be put in place is supervison or monitoring. Cameras or more superviors watching was watching. The Company could also put a system that counts the number of envelopes that each clerk gets so if there isnt equal invoices and checks then they know which clerk is stealing money from the company 3-5) The controls that petty corp could have entered was access control. They shouln't allow people the account for the money to also be able to access cash disursements. They could of also established supervison. If bouogas knew that she could have been caught or a higher chance that she would then she would of beeen less likely to steal the money from the company. The access control falls under the control environment
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  • Spring '08
  • Staff
  • Accounting, Cheque, range check, name-missing data check, Validility Check

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