(L. OBJ. 8) Evaluating internal control over cash payments [10 min]
Codie’s Custom Cars purchases high performance auto parts from a Michigan vendor. Hal Rodman, the accountant for Codie’s, verifies receipt of merchandise and then, prepares, signs, and mails the check to the vendor.
1. Identify the internal control weakness over cash payments.
2. What could you do to correct the weakness?
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