Match Each of the Following Items with the Appropriate Internal

Essay

Match each of the following items with the appropriate internal control principle(s).(a)Establish responsibility.(b)Maintain adequate records.(c)Insure assets and bond employees.(d)Separate recordkeeping from custody of assetsDivide responsibility for related transactions.(f)Apply technological controls.(g)Perform regular and independent reviews._____ (1)The cashier does not have access to the cash register record tape and file.:_____ (2)Z-Mart uses a voucher system._____ (3)Two clerks share the same cash drawer._____ (4)The bookkeeper prepares and signs cheques._____ (5)Z-Mart uses a computerized point of sale system._____ (6)Z-Mart hires Nelson and McGuire, CAs, to perform an audit._____ (7)Z-Mart buys an insurance policy to protect against employee theft._____ (8)Z-Mart has separate departments for purchasing, receiving, and accounts payable._____ (9)Z-Mart has an internal auditor on staff._____ (10)Z-Mart uses a cheque protector.