Question

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7.5 7.6 When you go to a movie theater, you buy a prenumbered ticket from the cashier. This ticket is handed to another person at the entrance to the movie. What kinds of irregulari- ties is the theater trying to prevent? What controls is it using to prevent these irregulari- ties? What remaining risks or exposures can you identify? Some restaurants use customer checks with prenumbered sequence codes. Each food server uses these checks to write up customer orders. Food servers are told not to de stroy any customer checks; if a mistake is made, they are to void that check and write a new one. All voided checks are to be turned in to the manager daily. How does this policy help the restaurant control cash receipts?

Answer 1

Answer:

7.5  1. The theater is trying to prevent cashier's from stealing cash by providing greater control over cash receipts. You cannot get into the theater without a ticket so you never give cash to cashier without issuing on a ticket. That makes it much harder for a cashier to pocket cash.

2. Prenumbered tickets are also used so cashier's cannot give tickets to their friends. The number of tickets sold at the cashier counter can be reconciled with the number of tickets taken by the usher letting patrons into the theater.

Reconciling the cash in the register to the tickets sold and then reconciling the number of tickets sold to the number collected by the ticket taker helps prevent the theft of cash and giving tickets away to friends.

Despite these controls, the following risks still exist:

* The ticket taker can let friends into the theater without tickets.

*The ticket taker may take money from the theater patrons, pocketing the cash and letting them enter without a ticket.

The cashier and the ticket taker may collude in selling admittances without issuing tickets and then split the proceeds.

7.6 The fact that all documents are prenumbered provides a means for Accounting for their use and for detecting unrecorded transactions. Thus,a missing check indicates a meal for which a customer did not pay. Since each server has his or her own set of checks,it is easy to identify which server was responsible for that customer.

This policy may help to deter theft (e.g., serving friends and not requiring them to pay for the meal,or pocketing the customer's payment and destroying the check) because a reconciliation of all checks will reveal that one or more are missing.