42. Which of the following is likely to be the LEAST productive procedure in exposing embezzlement?...

42. Which of the following is likely to be the LEAST productive procedure in exposing embezzlement?

A.Periodic comparison of daily edit sheets from the computer with bank deposits.

B.Comparison of actual charge slips with deposit totals

C.Periodic review of endorsements appearing on disbursement checks

D.Independent verification of accounts receivable control

Expert Solution

A. Periodic comparison of daily edit sheets from the computer with bank deposits.

Option B goes a long way in unearthing embezzlement.

Option C : A periodic review of endorsements appearing on disbursement checks can help in indicating whether the same have been properly authorized or not. If the disbursement checks are not properly authorized, then further investigation is warranted to determine whether payments are being made to fictitious persons or not or duplicate payments are being made.

Option D: Verification of accounts receivable control by an independent person helps in determining the actual amounts receivable from debtors, and whether any of the accounts are fraudulently overstated by understating collections.

The Option A cannot be very productive in exposing embezzlement. It is possible for the cashier to cover up embezzlement by not recording a cash receipt, and the edit sheet would not help.

ekkarill92 answered 2 years ago

Which of the following is least likely to be included in the tax constraint for an...

Which of the following is least likely to be included in the tax constraint for an individual investor? a. The federal withholding tax from the individual's employment income. b. The tax liability from a taxable lump sum received as part of an employment contract. c. Property taxes to be paid during the upcoming year from ownership of a beach house. d. Capital gains taxes owed on the sale of a watch worn by Benjamin Franklin.

Q33 Which of the following statements is least likely to lead to a conclusion that the...

Q33 Which of the following statements is least likely to lead to a conclusion that the taxpayer was undertaking the mere realisation of a capital asset? a. The land was surplus to the taxpayer’s needs in carrying on the taxpayer’s manufacturing business. b. The taxpayer set up their own on-site sales office to assist with the sale of the blocks of land. c. The taxpayer developed the land to the extent necessary to get local council approval and no more....

Which of the following three situations is least likely to occur at the same time as...

Which of the following three situations is least likely to occur at the same time as the other two situations? Why? a-Real GDP is less than potential GDP.   b-An economy in a strong, 5-year expansion.   c-An unemployment rate above the natural rate of unemployment.

which of the following is least likely to be included in accumulated other comprehensive income as...

which of the following is least likely to be included in accumulated other comprehensive income as a component of stockholders equity? a. foreign currency transaction gain. b. net unrealized changes in the value of available for - sale securities. c. net gain or loss from derivative cash flow hedged. d. Pension plan prior to service cost adjustment.

Which one of the following types of contracts is least likely to be considered a contract...

Which one of the following types of contracts is least likely to be considered a contract of adhesion? A) homeowners policy contract B) commercial fire insurance policy contract C) manuscript or customized policy contract D) personal auto policy contract

QUESTION 17 Which of the following actions by a buyer is least likely to persuade a...

QUESTION 17 Which of the following actions by a buyer is least likely to persuade a court to enforce an oral contract for the sale of land? Buyer pays seller the full purchase price Buyer pays part of the purchase price and takes possession of the property Buyer pays part of the purchase price, takes possession of the property, and makes valuable improvements. Buyer pays part of the purchase price, takes possession of the property, and makes property tax and...

Which of the following species is least likely to function as a ligand in a transition-metal...

Which of the following species is least likely to function as a ligand in a transition-metal coordination compound? a. BH3 b. CO32– c. H2O d. NF3 e. Cl–

Which of the following is the least likely reason for a corporation to raise funds via...

Which of the following is the least likely reason for a corporation to raise funds via securitization rather than bonds: a) To diversify funding sources. b) To receive tax benefits. c) To potentially reduce funding costs. Which party to a securitization deal is known as a depositor? a) The issuing special purpose vehicle (SPV). b) The intermediate special purpose vehicle (SPV). c) The custodian of the collateral In a conventional, one-step securitization deal, the special purpose vehicle (SPV) is responsible...

1- Which of the following factors is least likely to contribute to food insecurity in an...

1- Which of the following factors is least likely to contribute to food insecurity in an older adult? A) Limited income B) Lack of available food programs C)Physical limitations D)Medical bills 2-Resources available for the older adult, especially those home bound or who are low income include? A)Meals on Wheels b)SNAP C)WIC D) a and b 3-Water needs of a 4-month-old infant who does not eat solids are best met by: a)Sterile water supplements b)Glucose water supplements c)Human milk or...

Which of the following is least likely to be an income inferior good? Select one:

Which of the following is least likely to be an income inferior good? Select one: a. Beans. b. Education. c. Corn. d. Rice.

Question