Which of the following would be the least desirable criteria against which to judge current operations of a company's treasury function?
A) The operations of the treasury function as documented during the last audit engagement.
B) Company policies and procedures delegating authority and assigning responsibilities.
C) Finance textbook illustrations of generally accepted good treasury function practices.
D) Codification of best practices of the treasury function in relevant industries.

Question

Quizplus · Accepted Answer

The operations of the treasury function as documented during the last audit engagement may not be the most up-to-date or relevant criteria against which to judge current operations.

Which of the Following Would Be the Least Desirable Criteria