Which of the following reflects a weak internal control system?
A) All employees are well supervised.
B) A single employee is responsible for comparing a receiving report to an invoice.
C) All employees must take their vacations.
D) A single employee is responsible for collecting and recording cash.

Question

Quizplus · Accepted Answer

Allowing a single employee to be responsible for collecting and recording cash is a weak internal control system as it opens up the possibility of fraud or theft. A stronger system would involve having multiple employees involved in the cash handling process and ensuring that there are checks and balances in place to prevent any unauthorized access or manipulation. Options A, B, and C all reflect stronger internal control measures.

Which of the Following Reflects a Weak Internal Control System