easy5 pts · first answer countsinternal-controls
One person doing everything
In a small company, the same clerk creates new vendors, records supplier invoices and releases payments. What is the main control weakness?
Discussion 0
Join free to post in the discussion.
Related questions
- Type of control: bank reconciliationAuditor
- Test of controls or substantive testAuditor
- Reporting a significant control deficiencyAuditor
- What a walkthrough isAuditor
- Compensating for limited staffAuditor
- Reporting on internal financial controlsAuditor
- Topping up an imprest petty cashAccountant
- Three-way match in payablesAccountant