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6. Internal Controls and Reporting Cash
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Problem 15
6. Internal Controls and Reporting Cash
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6. Internal Controls and Reporting Cash / Principles of Control Activities / Problem 6
Problem 6
How can bonding and mandatory vacations be synthesized into a comprehensive strategy for enhancing internal security?
A
Bonding ensures employees are insured against theft, while mandatory vacations help uncover fraud during employee absence.
B
Bonding eliminates the need for background checks, while mandatory vacations reduce employee workload.
C
Bonding and mandatory vacations are unrelated to internal security.
D
Bonding increases employee loyalty, while mandatory vacations improve employee morale.
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