Which of the following statements is correct?
A) Due to its liquid nature, cash is the easiest asset to steal.
B) A good system of internal control will ensure that employees will not be able to steal cash.
C) It takes two or more employees working together to be able to steal cash.
D) All of these answer choices are correct.
Correct Answer:
Verified
Q42: Related selling activities do not include
A) ordering
Q52: Internal controls are not designed to safeguard
Q59: Which of the following is not one
Q62: The control principle related to not having
Q66: An accounts payable clerk also has access
Q67: Internal control measures
A)only apply to publicly traded
Q68: Ron Jones has been a trusted employee
Q69: Joe is a warehouse custodian and maintains
Q70: Maximum benefit from independent internal verification is
Q71: If employees are bonded
A) it means that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents