If an Employee Who Has Access to the Custody of Assets

question 39

Multiple Choice

If an employee who has access to the custody of assets steals a cash remittance and covers the theft by recording a bad-debt write off, there was likely a failure in the category of __________.

• A)segregation of duties
• B)performance reviews
• C)authorization control
• D)physical controls

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Definitions:

Return on Assets

A profitability ratio that measures how efficiently a company can generate profit from its assets.