Multiple Choice
A company's cash custody function should be separated from the related cash recordkeeping function in order to:
A) Physically safeguard the cash
B) Establish accountability for the cash
C) Prevent the payment of cash disbursements from cash receipts
D) Minimize opportunities for misappropriations of cash
TEST BANK - CHAPTER 3 - MULTIPLE CHOICE
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Collusion can make it much easier to
Q40: It is not possible to have an
Q41: The tone at the top of the
Q42: Industrial espionage can occur with or without
Q43: Collusion can occur only when two employees
Q46: In order for a code of ethics
Q47: Independent checks can serve as a preventive
Q48: The Phar-Mor fraud began when management:<br>A)Forgot to
Q49: A poor control environment can be overcome
Q98: Which of the following is generally an