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.

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Definitions:

National Parent Teacher Association

A formal organization composed of parents, teachers, and staff that is intended to facilitate parental participation in a school.

Organized Parent Organization

A formally structured group of parents who collaborate to support and improve the educational environment and outcomes for students.

Advocacy

The act of supporting or arguing in favor of a cause, policy, or group of people, often to effect change or provide assistance.

Barrier

An obstacle that prevents movement or access.