ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 23

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
All of the following are true regarding bank statements except
Question 14