Which of the following statements accurately describes a fidelity bond?
A)Insurance that the company buys to protect itself from loss due to employee dishonesty.
B)Proper procedures for processing transactions.
C)Procedures to provide reasonable assurance that the objectives of a company are accomplished.
D)Guidelines or policies that limit the actions of different levels of management.

Question

Quizplus · Accepted Answer

Employees in a position of trust should be bonded to protect the company from employee theft.

Which of the Following Statements Accurately Describes a Fidelity Bond