Which of the Following Controls Can Minimize the Threat of Theft

question 57

Multiple Choice

Which of the following controls can minimize the threat of theft or fraudulent distribution of paychecks?

• A)Redepositing unclaimed paychecks and investigating cause.
• B)Issuing earnings statements to employees.
• C)Using biometric authentication.
• D)Conducting criminal background investigation checks of all applicants for finance related positions.

Understand and execute the process of bank reconciliation.

Identify and correct errors in cash transactions and accounting records.

Apply internal control principles to cash transactions.

Prepare adjusting journal entries as a result of the bank reconciliation process.

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Definitions:

Emotional Needs

Psychological requirements essential for mental well-being, such as love, acceptance, and a sense of belonging.

Social Needs

The human requirements for forming interpersonal relationships, being part of a community, and having a sense of belonging and acceptance.

Mature Minor

A legal principle that recognizes the ability of some minors to give consent on their own behalf for certain medical treatments, depending on age and competency.

Health Care Providers

Health care providers are individuals or organizations that offer services to diagnose, treat, and prevent illness and injury in people.