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Access controls prevent and detect unauthorized and illegal access to the firm's assets. The physical assets at risk in the revenue cycle are inventories and cash. Limiting access to these items would NOT include: A) Locking cash drawers and safes in the cash receipts department B) Making the mail room responsible for opening and recording cash and cheques received from clients C) Warehouse security, such as fences, alarms, and guards D) Using a safe or night deposit box for cash

Access controls prevent and detect unauthorized and illegal access to the firm's assets. The physical assets at risk in the revenue cycle are inventories and cash. Limiting access to these items would NOT include: A) Locking cash drawers and safes in the cash receipts department B) Making the mail room responsible for opening and recording cash and cheques received from clients C) Warehouse security, such as fences, alarms, and guards D) Using a safe or night deposit box for cash

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1QY
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Access controls prevent and detect unauthorized and illegal access to the firm's assets. The physical assets at risk in the revenue cycle are inventories and cash. Limiting access to these items would NOT include: A) Locking cash drawers and safes in the cash receipts department B) Making the mail room responsible for opening and recording cash and cheques received from clients C) Warehouse security, such as fences, alarms, and guards D) Using a safe or night deposit box for cash
Transcribed Image Text:Access controls prevent and detect unauthorized and illegal access to the firm's assets. The physical assets at risk in the revenue cycle are inventories and cash. Limiting access to these items would NOT include: A) Locking cash drawers and safes in the cash receipts department B) Making the mail room responsible for opening and recording cash and cheques received from clients C) Warehouse security, such as fences, alarms, and guards D) Using a safe or night deposit box for cash
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