Operational Audits of Cash Management Seek to Identify Areas in Which

question 68

Multiple Choice

Operational audits of cash management seek to identify areas in which cash management may be improved to contribute to the overall profitability and effectiveness of the organization.The internal auditor would use which of the following procedures on an operational audit of cash?

• A)determine the compliance of treasury activities with company policy
• B)review procedures for identifying and investing excess funds
• C)review procedures for handling cash receipts
• D)all of the above

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Definitions:

Achievement

The successful attainment of goals, objectives, or milestones through effort, skill, or courage.

Helping And Concern

Acts and attitudes showcasing care, consideration, and assistance towards others, especially in times of need.

Honesty

A moral quality featuring truthfulness, integrity, and straightforwardness in actions and communications.

Fairness

The impartial and just treatment or behavior without favoritism or discrimination.