Which of the following is not a control activity over cash? A)Only designated personnel are authorized to handle cash. B)The same individual receives the cash and pays the bills. C)Surprise audits of cash on hand should be made occasionally. D)Access to cash is limited.

Question

Quizplus · Accepted Answer

Control activities over cash are designed to separate duties and safeguard assets. Having the same individual receive cash and pay bills violates the principle of separation of duties, increasing the risk of errors or fraud.

Which of the Following Is not a Control Activity Over