Multiple Choice
An accounts payable clerk also has cheque signing authority.Which control procedure is violated?
A) assignment of responsibility
B) review and reconciliation
C) documentation
D) segregation of duties
Correct Answer:
Verified
Correct Answer:
Verified
Q70: Segregation of duties among employees eliminates the
Q75: Having one person responsible for the related
Q76: The independent audit committee of the board
Q77: External auditors report on whether or not
Q78: All documents should be prenumbered.
Q79: Blank cheques<br>A)should be safeguarded.<br>B)should be pre-signed.<br>C)do not
Q81: Cash equivalents<br>A)include all investments in shares.<br>B)include short-term,
Q82: A system of internal control can only
Q83: A cheque written by the company for
Q84: The use of a bank account makes