Which of the Following Controls Would Be Most Likely to Reduce

question 56

Multiple Choice

Which of the following controls would be most likely to reduce the risk of diversion of customer receipts by a company's employees?

• A)A bank lockbox system.
• B)Approval of all disbursements by an individual independent of cash receipts.
• C)Monthly bank cutoff statements.
• D)Prenumbered remittance advices.

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Definitions:

Traditions

The passing down of customs, beliefs, and practices from one generation to another, often shaping communal identity.

Cultural Forms

Diverse manifestations of culture, including beliefs, practices, arts, social institutions, and technologies, which express a society's values and norms.

Foreign Military Intervention

The involvement of a country's military forces in another country's affairs, which can range from advisory roles to full combat operations.

Cultural Pluralism

A concept or policy that promotes the respect, acceptance, and preservation of different cultural identities within a society, allowing for diverse traditions and customs to coexist.