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9 which of these arrangements of duties could most

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9.Which of these arrangements of duties could most likely lead to an embezzlement ortheft?a.The accounts receivable clerk received a list of payments received by the cashierso he could make entries in the customers’ accounts receivable subsidiaryaccounts.b.The financial vice president received checks made out to suppliers and thesupporting invoices, signed the checks, and mailed the checks.c.The inventory warehouse manager has responsibility for making the physicalinventory observation and reconciling discrepancies to the perpetual inventoryrecords.d.The cashier prepared the bank deposit, endorsed the checks with a companystamp, and delivered the cash and checks to the bank for deposit (no otherbookkeeping duties).
10.Which of the following would the auditor consider to be an incompatible operationif the cashier receives remittances?
c.The cashier posts the receipts to the accounts receivable subsidiary ledger cards.d.The cashier endorses the checks.
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Term
Spring
Professor
AnthonyP.Vigna
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