No Special Internal Control Procedures Are Necessary with a Petty

question 97

True/False

No special internal control procedures are necessary with a petty cash fund because the amount is so small.

---

Definitions:

Emotional Health

A state of well-being in which an individual realizes their own abilities, can cope with normal stresses of life, work productively, and contribute to their community.

Positive Organizational Politics

Activities within an organization that are aimed at improving personal or group reputation or interests in a way that also benefits the organization.

Views About Power

The perspectives and beliefs individuals or groups hold regarding the distribution, use, and impact of power within various contexts.

Political Processes

The methods and procedures through which political activities, decisions, and policies are debated, formulated, and implemented.