Which of the following is a best practice when handling cash? (A) Always perform background checks on people handling cash (B) Be sure to implement a cash handling process (C) Make sure cash handling procedures are always segregated (D) All of the above

Which of the following is a best practice when handling cash? (A) Always perform background checks on people handling cash (B) Be sure to implement a cash handling process (C) Make sure cash handling procedures are always segregated (D) All of the above

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash And Marketable Securities

Section: Chapter Questions

Problem 31MCQ

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Question

Which of the following is a best practice when handling cash?
(A) Always perform background checks on people handling cash
(B) Be sure to implement a cash handling process
(C) Make sure cash handling procedures are always segregated
(D) All of the above

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