To protect against the preparation of improper or inaccurate cash payments, which effective internal control procedure would
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To protect against the preparation of improper or inaccurate cash payments, which effective internal control procedure would be required for all cheques?
a. Signed by an officer after necessary supporting evidence has been examined.
b. Reviewed by a senior officer before mailing.
c. Sequentially numbered and accounted for by internal auditors.
d. Perforated or otherwise effectively cancelled when they are returned with the bank statement.
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Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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