Question 4
Control over cash disbursements is improved if major expenditures are paid by check . Question 5
Cash equivalents are highly liquid investments that can be converted into a specific amount of cash . Question 6
Which of the following is not one of the main factors that contribute to fraudulent activity ? Question 7
Under the concept of establishment of responsibility , how many people should have the ultimate responsibility ? Question 8
A consequence of separation of duties is that Question 9
In large companies , the independent internal verification procedure is often assigned to Question 10
Sam ‘ s Grocery Store has the following policy . ‗ Only one cashier can have access to a cash drawer .‘ Which internal control principle supports this policy ? Question 11
Supervisors counting cash receipts daily is an example of Question 12
Blank checks Question 13