Management and internal audit are discussing possible solutions to address the organization's insufficient petty cash. Which action would most effectively and efficiently mitigate the risk?
A.
Implement policies to submit a daily petty cash reconciliation to the branch manager's superior and to replenish petty cash when it is 50% depleted.
B.
Analyze the expenses that are paid using petty cash and increase the limit of the petty cash float to satisfy the expenses.
C.
Appoint a new petty cash custodian for processing cash disbursements.
D.
Require recording all disbursements in a petty cash log.
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Elvoo
2 days, 17 hours ago