Which of the following is not an internal control activity for cash? A)The number of persons who have access to cash should be limited. B)The functions of record keeping and maintaining custody of cash should be combined. C)Surprise audits of cash on hand should be made occasionally. D)All cash receipts should be recorded promptly.

Question

Quizplus · Accepted Answer

Combining the functions of record keeping and maintaining custody of cash is not an internal control activity; it increases the risk of fraud or error.

Which of the Following Is not an Internal Control Activity