johnnetta
Dec 21, 2007, 12:41 AM
How each of the principles of internal control works? Give an example of each.
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical, mechanical, and electronic controls
Independent internal verification
Other controls
Invest idle cash
Plan the timing of major expenditures
Delay payment of liabilities:confused:
Keep inventory levels low
Increase the speed of collection on receivables:confused: :confused:
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical, mechanical, and electronic controls
Independent internal verification
Other controls
Invest idle cash
Plan the timing of major expenditures
Delay payment of liabilities:confused:
Keep inventory levels low
Increase the speed of collection on receivables:confused: :confused: