Multiple Choice
The custodian of a company asset should
A) not be bonded.
B) be someone outside the company.
C) not have access to the accounting records for that asset.
D) be an accountant.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q10: In preparing a bank reconciliation, outstanding cheques
Q26: A basic principle of cash management is
Q28: Risk assessment is one component of a
Q29: In large companies, independent checks of performance
Q34: Prepare a bank reconciliation.
Q37: Background checks of prospective employees are not
Q38: An internal control system cannot be considered
Q57: To obtain maximum benefit from a bank
Q63: Which of the following bank reconciliation items
Q84: The use of a bank account makes