INTERNAL CASH CONTROL
Write a 700- to 1,000-word paper that addresses which internal controls are not being followed in these listed situations:
The accounting department receives from sales invoices once a month. Most of the information is missing on the invoices.
Rob, Sue, and Bob use the same cash register at the donut shop.
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Bank reconciliations are done by the person who is responsible for all cash responsibilities.
New checks came in and are left on the shelf with other supplies.
Everyone has access to the computer system and the last audit was seven years ago by the former accountant.
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Include how a company might use the five basic principles of cash management to increase accuracy for a business. Please explain all of the internal controls substantively.
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