The recordkeeper left town after the owner discovered a large sum of money had disappeared. An audit found that the recordkeeper had written and signed several checks made payable to his fiancé and recorded the checks as salaries expense а. An employee was put in charge of handling cash. That employee later stole cash from the business. The company b. Incurred an uninsured loss of $184,000. There is $500 in cash missing from a cash register drawer

Hello your question is incomplete below is the missing part of your question

Identify the internal control principle that was violated in each of the following separate situations

options :

Establish responsibilities

Insure assets and bond key employees

Separate record keeping from custody of assets

answer : A) Separate record keeping from custody of assets

               B) Insure assets and bond key employees

               C)  Establish responsibilities

Explanation:

A) The recordkeeper left town after the owner discovered a large sum of money had disappeared. An audit found that the recordkeeper had written and signed several checks made payable to his fiancé and recorded the checks as salaries expense:

Principle violated is ; Separate record keeping from custody of assets

B) An employee was put in charge of handling cash. That employee later stole cash from the business. The company  Incurred an uninsured loss of $184,000.

principle violated is ; Insure assets and bond key employees

C) There is $500 in cash missing from a cash register drawer three sales check shared the cash register drawer so the owner cannot determine who is at fault

principle violated is ; Establish responsibilities

answer; (a) searching for information can be done quickly;

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