Under Which of the Following Circumstances Would an Auditor Be

question 43

Multiple Choice

Under which of the following circumstances would an auditor be most likely to intensify an examination of a $1,000 petty cash fund maintained on an imprest basis?

• A)Reimbursement vouchers are not prenumbered.
• B)Reimbursement of the fund from the general cash account occurs twice or more each week.
• C)The custodian occasionally uses the cash fund to cash employee checks.
• D)The custodian endorses reimbursement checks.

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Definitions:

Worker Participation

The involvement of employees in the decision-making processes of an organization, contributing to transparency and effectiveness.

Scope of Representation

The range of activities and issues that a union or representative is authorized and obligated to act upon on behalf of its members.

Servicing Model

A framework or approach used by organizations to deliver service to their customers, encompassing strategies, processes, and technologies for efficient and effective service delivery.

Union Energies

The collective vigor and efforts by labor unions to mobilize, campaign, and advocate for workers' rights and benefits.