which-internal-control-measure-is-most-effective-in-preventing-misuse-of-petty-c

Question

Which internal control measure is most effective in preventing misuse of petty cash funds?

Accepted Answer

Regular audits of the petty cash fund.

Answer

Increasing the petty cash fund amount.

Answer

Using petty cash for large purchases.

Answer

Allowing multiple custodians to access the fund.