[Solved] Misappropriation of goods may be checked by

Misappropriation of goods may be checked by

a) Proper supervision over stock

b) Checking of employees

c) Punishment of employees

d) None of the above

Answer: Misappropriation of goods may be checked by proper supervision over stock. Misappropriation of goods is one of the most common issues in stock-based businesses. Stealing things is not the same as theft. It falls under the heading of fraud since the person or persons responsible are attempting to redirect the company’s assets for personal gain.

More MCQ and Answers on Auditing

  1. Management audit means
  2. Systems audit implies
  3. Internal audit means
  4. Internal audit is
  5. Detection of errors and fraud in audit is  
  6. Internal auditor is appointed and removed by the  
  7. The object of internal check is to
  8. Effective internal check system reduces
  9. Internal check is a part of
  10. The objective of internal audit is

Comments