Which of the Following Statements Accurately Describes a Fidelity Bond

question 153

Multiple Choice

Which of the following statements accurately describes a fidelity bond?

• A) Insurance that the company buys to protect itself from loss due to employee dishonesty.
• B) Proper procedures for processing accounting transactions.
• C) Procedures to provide reasonable assurance that the objectives of a company are accomplished.
• D) Guidelines that limit the actions and authority of different levels of management.