Respuesta :
1) The registrar is not allowed to pay the company's suppliers.
-Separate bookkeeping from asset storage
2) Personal identity cards are used to restrict access only to authorized employees.
-Apply technology control
3) The employee requesting the purchase of the inventory cannot approve payment for the inventory.
-Sharing responsibility for related transactions
4) Each cashier is designated as a certain cash drawer and is fully responsible for the cash in that drawer.
-Assign responsibilities
5) Purchase an insurance policy (bond) against losses due to theft by the cashier.
-Insuring assets and tying up key employees
6) External auditors are hired regularly to evaluate internal control.
-Perform regular and independent reviews.
Internal control is a procedure, method, or system that is prepared and designed in such a way by the company in order to increase efficiency, maintain the accuracy of data for each account, enforce discipline, safeguard assets, as well as internal control over employees. Organizational theory and accounting itself states that internal control is a process that affects the performance of Human Resources, as well as information technology in helping companies achieve certain goals.
There is supervision, direction, and measurement of an organization's resources within the scope of internal control. If implemented effectively, the company is able to direct all operational activities and prevent misuse or fraud that crosses the line. Fraud can usually be in the form of fraud or fraud.
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