Strivent Theatre's cashier's booth is located near the entrance to the theatre. Two cashiers are employed. One works f
Strivent Theatre's cashier's booth is located near the entrance to the theatre. Two cashiers are employed. One works from 3:00 p.m. to 7:00 p.m., the other from 7:00 p.m. to 11:00 p.m. Each cashier is bonded. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theatre manager at the beginning of each cashier's shift.
After purchasing a ticket, which may cost different prices depending on the customer's age group, the customer takes the ticket to an usher stationed at the entrance of the theatre lobby, about 10 metres from the cashier's booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The other half of the ticket is dropped into a locked box by the usher.
At the end of each cashier's shift, the theatre manager removes the ticket rolls from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the receipts in total in a bank night deposit vault located in the mall. The manager also sends copies of the deposit slip and the initialed cash count sheets to the theatre company controller for verification, and to the company's accounting department. Receipts from the first shift are stored in a safe located in the manager's office.
Identify the internal control activities and how they apply to cash receipts at Strivent Theatre?
Taking it further:
If the usher and the cashier decide to collaborate to steal cash, how might they do this?