An official of the client company took securities from the safe deposit box and sold them to obtain cash to meet a personal financial crisis. Even with proper internal control, if the official purchased identical securities before the year-end and placed them in the safe deposit box, this improper "borrowing" would probably go undetected during the annual audit.

a. true
b. false

Answer: b. false

Economics

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When a profit-maximizing firm makes a decision to employ a worker, that decision is based on: a. the individual contribution that the worker makes to the profit of the firm. b. the average productivity of the firm's labor force

c. the familial relationship between the employer and the employee. d. the total output produced by the firm.

Economics

Which of the following statements is not correct?

A. A reduction in money income will shift the budget line to the right. B. A reduction in money income accompanied by an increase in product prices will necessarily shift the budget line to the left. C. An increase in product prices will shift the budget line to the left. D. An increase in money income will shift the budget line to the right.

Economics