From an internal control standpoint, the asset most susceptible to improper diversion and use is
A) inventory.
B) cash.
C) short-term investments.
D) accounts receivable.

Name: From an internal control standpoint, the asset most susceptible to improper diversion and use is A) inventory. B) cash. C) short-term investments. D) accounts receivable.
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Question

Quizplus · Accepted Answer

Cash is the most liquid asset and can be easily diverted or misused without leaving a trace, making it highly susceptible to improper diversion and use.

From an Internal Control Standpoint, the Asset Most Susceptible to Improper