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Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.

Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 28CYBK
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Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.
Transcribed Image Text:Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.
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