Allowing the clerk who checked out customer A handle a return by that same individual without presenting the receipt would NOT be an example of which of the following internal controls?
a. lack of segregation of duties
b. lack of requiring proper documents and records
c. lack of independent checks
d. lack of an adequate accounting system
d
FEEDBACK: a. Incorrect, someone else should handle the return.
b. Incorrect, the receipt should be presented
c. Incorrect, independent checks to verify should be made.
d. Correct, the quality of the accounting system is not the issue in this example.
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