6.33 Each morning the controller gets the prior day’s list of remittances, a copy of the payment report, and a copy of the deposit slip returned from the bank. When comparing these items, the controller would be able to determine that 6.34 Upon receipt of customers’ checks in the mail room, a responsible employee should preparea remittance list that is forwarded to the cashier. A copy of the list should be sent to the c. Accounts receivable bookkeeper to update the subsidiary accounts receivable records. Cash receipts from sales on account have been misappropriated. Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor? d. An employee misappropriating an employer’s money or property entrusted to the employee’s control in the employee’s normal job. Which of the following control activities would best protect against the preparation of improper or inaccurate cash disbursements?
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- Fall '19