Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 8w52ceb345

Due to the small number of staffs, one remote unit's petty cash custodian also had...

IQN QIA Full Course Access
IQN QIA View All Questions

Due to the small number of staffs, one remote unit's petty cash custodian also had responsibility for the imprest fund checking account reconciliation. The cashier concealed a diversion of funds by altering the beginning balance on the monthly reconciliations sent to the group office.

A possible audit test to detect this would be to

A.

Compare monthly balances and use change and trend analysis.

B.

Require additional monitoring by headquarters whenever improper segregation of duties exists at remote units.

C.

Determine if any employees have high personal debt.

D.

Determine if any employees are leading expensive lifestyles.

QIA PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now QIA pdf
Get 60% Discount on All Products, Use Coupon: "8w52ceb345"
Next
Which of the following audit procedures would be most effective in determining whether vendor invoices...
The requirements for staffing level, education and training, and audit research should be included in
Previous