Under Which of the Following Circumstances Would an Auditor Be

question 36

Multiple Choice

Under which of the following circumstances would an auditor be most likely to intensify an examination of a $500 imprest petty cash fund?

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

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Definitions:

Sustainability Reporting

The practice of publishing information about a company's environmental, social, and governance (ESG) performance and impact.

Global Reporting Initiative

An international organization that helps businesses and governments understand and communicate their impact on sustainability issues.

Triple Bottom Line

A sustainability framework that evaluates a company's performance in three areas: social, environmental, and financial, aiming for a balance between profit, people, and the planet.

Eco-Efficiency Measures

Strategies or actions taken by businesses to improve their environmental performance while also reducing costs through efficient resource use.