Quiz Challenge

Which of the following is a valid alternative approach a business might use for authorising petty cash claims?

• A) Allowing any employee to authorise their own claims
• B) Having the petty cashier authorise claims up to a specified amount, and another person authorise claims above that amount
• C) Requiring the external auditor to authorise all claims at the end of the year
• D) Eliminating the need for authorisation if the claim is for an amount under $10