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:

Staffing Policies

Guidelines and practices that organizations follow to govern the recruitment, selection, and placement of employees.

Forecasting Costs

The process of estimating the expenses that will be incurred in the future by a business or project.

External Supply

External Supply refers to goods, materials, or services sourced from outside the organization to support its operations or production processes.

Employee Segmentation

The grouping of employees based on characteristics that are relevant to the employee experience such as career preferences, demographics, work-life preferences, or benefits.