The internal audit activity noted there were minimal controls in place over the petty cash fund. Which of the following recommendations would be the most appropriate?
A.
Eliminate the petty cash fund and require all expenses to be reimbursed through an expense report.
B.
Recommend that surprise cash counts be performed by another independent employee.
C.
Advise management to purchase a vault along with security cameras to monitor the movement of cash.
D.
Institute a monthly reconciliation process with reimbursement through a miscellaneous expense account.
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Elvoo
3 days, 19 hours agoemtofid
1 month, 1 week ago