Which of these arrangements of duties could most likely lead to an embezzlement or theft?

a. The inventory warehouse manager has responsibility for making the physical inventory observation and reconciling discrepancies to the perpetual inventory records.

b. The cashier prepared the bank deposit, endorsed the checks with a company stamp, and delivered the cash and checks to the bank for deposit (no other bookkeeping duties).

c. The accounts receivable clerk received a list of payments received by the cashier so he could make entries in the customers’ accounts receivable subsidiary accounts.

d. The financial vice president received checks made out to suppliers and the supporting invoices, signed the checks, and mailed the checks.