If a company is too small to separate the cash handling from the cash recording, they must hire external auditors.

Name: If a company is too small to separate the cash handling from the cash recording, they must hire external auditors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If a company is too small to separate the cash handling from the cash recording, they can implement other internal controls to mitigate the risk of fraud or errors. Hiring external auditors is not mandatory, but it could be a good practice for added assurance.

If a Company Is Too Small to Separate the Cash