Two clerks sharing the same cash register is a violation of which internal control principle?
A)Establish responsibilities.
B)Maintain adequate records.
C)Bond key employees.
D)Apply technological controls.
E)Insure assets.

Question

Quizplus · Accepted Answer

Two clerks sharing the same cash register means that the responsibility for the cash register is not clearly established. The principle of establishing responsibilities aims to ensure that every task and duty is allocated to a specific employee, thereby reducing the risk of errors, fraud, or other irregularities. Sharing a cash register increases the risk of errors and makes it difficult to hold anyone accountable for any cash discrepancies or theft.

Two Clerks Sharing the Same Cash Register Is a Violation