Which of the Following Would Be the Least Desirable Criteria

question 38

Multiple Choice

Which of the following would be the least desirable criteria against which to judge current operations of a company's treasury function?

• A) The operations of the treasury function as documented during the last audit engagement.
• B) Company policies and procedures delegating authority and assigning responsibilities.
• C) Finance textbook illustrations of generally accepted good treasury function practices.
• D) Codification of best practices of the treasury function in relevant industries.