question archive Catt Company has the following internal control procedures over cash disbursements

Catt Company has the following internal control procedures over cash disbursements

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Catt Company has the following internal control procedures over cash disbursements.
Identify the internal control principle that is applicable to each procedure.

(a)   Company checks are prenumbered.   Catt Company has the following internal control pr Establishment of responsibilityPhysical controlsSegregation of dutiesHuman resource controlsIndependent internal verificationDocumentation procedures
         
(b)   The bank statement is reconciled monthly by an internal auditor.   Catt Company has the following internal control pr Segregation of dutiesDocumentation proceduresIndependent internal verificationEstablishment of responsibilityPhysical controlsHuman resource controls
         
(c)   Blank checks are stored in a safe in the treasurer?s office.   Catt Company has the following internal control pr Physical controlsDocumentation proceduresHuman resource controlsIndependent internal verificationEstablishment of responsibilitySegregation of duties
         
(d)   Only the treasurer or assistant treasurer may sign checks.   Catt Company has the following internal control pr Segregation of dutiesDocumentation proceduresPhysical controlsEstablishment of responsibilityHuman resource controlsIndependent internal verification
         
(e)   Check-signers are not allowed to record cash disbursement transactions.   Catt Company has the following internal control pr Human resource controlsPhysical controlsDocumentation proceduresEstablishment of responsibilityIndependent internal verificationSegregation of duties

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