An Effective Approach for Maintaining a Good Audit Trail for Cash

question 54

True/False

An effective approach for maintaining a good audit trail for cash disbursements is to utilize a voucher system with coins and currency issued for each disbursement.

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Definitions:

Social Referencing

A baby’s adjustment of its reactions to objects or events based on feedback provided by a caregiver. For example, a baby may look at a caregiver’s facial expression before approaching a new toy.

Intergenerational Transmission

When parents repeat with their children the patterns of trauma, rejection, and maltreatment that they experienced as children from their own parents.

Social Referencing

This is the process by which people look to others in an environment to get cues on how to understand or react to uncertain situations or events.

Separation Anxiety

Distress of an infant or young child when a primary caregiver leaves the child in someone else’s care. Usually begins in the second half of the first year, demonstrating the infant’s capacity to recall the absent caregiver, and is viewed as a sign of attachment to that caregiver.