143. Match each of the following transactions with the applicable internal control principle. 1. No two clerks share the same cash drawer Apply technological controls 2. A company uses a check protector Divide responsibility for related transactions 3. A company hires CPAs to perform an audit Insure assets and bond employees 4. The bookkeeper prepares and signs checks Apply technological controls 5. A company buys an insurance policy to protect against employee theft Divide responsibility for related transactions 6. A company has an internal auditor on staff Perform regular and independent reviews 7. A company uses a computerized point of sale system Establish responsibility 8. A company has separate departments for purchasing, receiving and accounts payable Perform regular and independent reviews 9. A company uses a voucher system Establish responsibility 10. Cashier does not have access to the cash register recorded tape or file Separate recordkeeping from custody of assets

143. Match each of the following transactions with the applicable internal control principle. 1. No two clerks share the same cash drawer Apply technological controls 2. A company...

143. Match each of the following transactions with the applicable internal control principle.

1. No two clerks share the same cash drawer	Apply technological controls
2. A company uses a check protector	Divide responsibility for related transactions
3. A company hires CPAs to perform an audit	Insure assets and bond employees
4. The bookkeeper prepares and signs checks	Apply technological controls
5. A company buys an insurance policy to protect against employee theft	Divide responsibility for related transactions
6. A company has an internal auditor on staff	Perform regular and independent reviews
7. A company uses a computerized point of sale system	Establish responsibility
8. A company has separate departments for purchasing, receiving and accounts payable	Perform regular and independent reviews
9. A company uses a voucher system	Establish responsibility
10. Cashier does not have access to the cash register recorded tape or file	Separate recordkeeping from custody of assets

May 15, 2022