Identify the Principle of Internal Control That Is Violated in the Following

Multiple Choice

Identify the principle of internal control that is violated in the following situation: Marvin Company is a very small business. Sam Jones, one of the two office clerks, opens the mail each day and removes the cash receipts that come in the mail. Sam then records the receipts in the cash records and the customer's account and deposits the cash in the bank.

A) Insure assets and bond key employee
B) Maintain adequate records
C) Divide responsibility for related transactions.
D) Perform regular and independent reviews