Which of the following procedures most likely would give the greatest assurance that securities held as investments are safeguarded?
A. There is no access to securities between the year-end and the date of the auditor's security count.
B. Proceeds from the sale of investments are received by an employee who does not have access to securities.
C. Investment acquisitions are authorized by a member of the Board of Directors before execution.
D. Access to securities requires the presence of two designated officials.
D. Access to securities requires the presence of two designated officials.
You might also like to view...
According to the ________ hypothesis, new retailing forms often begin as low-margin, low-price, low-status operations to challenge established retailers, then become successful, and eventually take the place of the established retailers they had
challenged. A) agent B) broker C) wheel-of-retailing D) warehousing E) retail life cycle
What is the purpose of responsibility charting?
a. To add to the annual report as a change-action document b. To keep the projects at the forefront of employees’ minds, even if the responsibilities are irrelevant c. To keep projects on track and provide accountability d. To use guilt and public shame to get people to finish their assigned tasks
During the Packaging step of the P3 process, you should include every key idea and develop each point of your topic
Indicate whether this statement is true or false.
The setup cost to make a carpet is $20 per setup. The holding cost is $2.00 per yard per year, and the annual demand is 12,000 yards. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. Given this information, which of the following statements is true?
a. The optimal production quantity is 600. b. The optimal production quantity is 500. c. The optimal production quantity is 400. d. The optimal production quantity is 300.