GL/FRS - Internal Controls Assessment

Identify control weakness and potential internal controls to be put in place regarding the
scenario provided below:
Leslie Epstein, an employee of XXX Company, prepares journal vouchers for general
ledger entries. Because of the large number of voided journal vouchers caused by errors,
the journal vouchers are not prenumbered by the printer; rather, Leslie numbers them as
she prepares each journal voucher. She does, however, keep a log of all journal vouchers
written so that she does not assign the same number to two journal vouchers. Biweekly,
Leslie posts the journal vouchers to the general ledger and any necessary subsidiary
accounts. Bimonthly, she reconciles the subsidiary accounts to their control accounts in
the general ledger
and makes sure the general ledger accounts balance.
Provide your response in below format:
Weakness Control

 Fraudulent events could take place as
Leslie Epstein is given both the authority
to prepare journal vouchers and post
them to the general ledger. These tasks
should always be segregated.
 Individuals who have access authority to
the GL should also not have:
1. Have record-keeping responsibility
for special journals or subsidiary
ledgers.
2. Prepare journal vouchers.
3. Have custody of physical assets.