Question

When are cash control procedures most important?

Options:
A) During periods of low financial activity.
B) Only during external audits.
C) Always, regardless of the financial situation.
D) Only when fraud is suspected.

Answer 1

Cash control procedures are always important, regardless of the financial situation.

Step-by-step explanation:

Cash control procedures are always important, regardless of the financial situation. These procedures help ensure that the company's cash is properly accounted for and safeguarded from unauthorized access or theft. Implementing cash control procedures can help prevent fraud and errors and provide accurate financial records.