Under which of the following circumstances would an auditor be most likely to intensify an examination of a $500 imprest petty cash fund?
A) Reimbursement occurs twice each week.
B) The custodian endorses reimbursement checks.
C) Reimbursement vouchers are not prenumbered.
D) The custodian occasionally uses the cash fund to cash employee checks.
Correct Answer:
Verified
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