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 vouchers are not prenumbered.
b. Reimbursement occurs twice each week.
c. The custodian occasionally uses the cash
fund to cash employee checks.
d. The custodian endorses reimbursement checks.
Answer: B
CPA Exam
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