The Control of All Funds During the Count of Cash

question 90

Multiple Choice

The control of all funds during the count of cash on hand is meant primarily to prevent:

• A) transfers by the client.
• B) any chance of double counting.
• C) unauthorized disbursements.
• D) client personnel from viewing the count procedure.
• E) lapping or kiting by the client.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a tendency to view other cultures through one’s own cultural lens.

Culturally Diverse

Refers to the inclusion of individuals from various cultural, ethnic, and racial backgrounds.

Low-context Culture

A communication style where messages are explicit and clear, relying less on situational context and more on direct words.

Written Information

Content or data that is expressed through writing, as opposed to being delivered orally or through nonverbal mediums.