Chang Company has a petty cash fund that is used to pay for a variety of low-value

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Chang Company has a petty cash fund that is used to pay for a variety of low-value items. Su Mai, the petty cash custodian, regularly borrows cash from the fund to pay for personal expenses. Su Mai has always repaid these amounts. Is this a problem for Chang Company? If it is, explain what the company could do to strengthen internal control.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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