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Basic Cash Control: Critical Policy Answer 3

Exercise Answer
Critical Policy Answer 3

Correct Answer - c. 

  • As a result of taking this on-line course, you discover that the way you are handling cash does not provide any separation of duties. You ask your supervisor to distribute the cash handling tasks between you and another employee.
  • Should a loss occur, suspicion will likely result that is aimed at you, since you were the only person handling cash.
  • Separation of duties also helps to ensure that clerical errors are caught and corrected in a timely manner.
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