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Background check on job applicants, the use of fidelity bonds for cashiers, and performance reviews of...

Background check on job applicants, the use of fidelity bonds for cashiers, and performance reviews of all staff are all examples of:

Sound business policies

Audits

Year-end procedures

Audit trails and documentation
Business   Accounting   
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Answer #1

Option A is correct.

Background check on job applicants, the use of fidelity bonds for cashiers, and performance reviews of all staff are all examples of: Sound business policies

as these activities help in the smooth running and functioning of business.

Year-end procedures include closing the book of accounts, preparing bank reconciliation statements etc.

Audit is an inspection of a business financial statements by an independent body.

Audit trails and documentation involve examination of business documents, files and records to see whether the transactions were properly handled or not and documenting the necessary observations.

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