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deficiency

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.

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October 4, 2023 at 12:42 pm #692811
xyzc
Participant
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At each venue at the end of the day the tills are closed down by the restaurant manager who counts the total cash in all five tills and the sumo f the credit card vouchers and these totals are reconciled with the aggregated daily readings of sales taken from each till.
At the end of each day the tills are closed own with daily readings of sales taken from each till. These are reconciled to the total of the cash in the tills and the credit card payment slips
Why is the first one a deficiency but the second one not a deficiency whilst they both look the same
October 4, 2023 at 1:01 pm #692816
Kim Smith
Keymaster
- Topics: 130
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It’s all about CONTEXT – I say AGAIN – and this is the last time – to give suitable captions to your posts.
E.g. The first is describing a lack of segregation of duties because the same person is handling cash and carrying out the reconciliation.
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