A contractor's license can be suspended or revoked for

Vaughn Services hires a new accountant to maintain its petty cash fund. Although the employee possesses an accounting degree, he/she had been previously convicted of embezzlement

Which internal control procedure needs to be addressed in the above situation? A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents

The management of Wallpaper International Limited is concerned about losses that have been occurring as result of theft and other acts of dishonesty committed by employees

To protect itself against this type or risk, which of the following types of insurance should the management be advised to get? A) Professional liability insurance B) Business interruption insurance C) Fidelity insurance D) Credit insurance E) None of the above