Multiple Choice
Payments by EFT are an important internal control for all of the following reasons EXCEPT for:
A) the EFTs provide a record of the payments.
B) the EFT must be authorized by an authorized official.
C) all EFT payments are made by the cashier in the Accounting Department.
D) before authorizing the EFT,the authorized official should study the evidence supporting the payment.
Correct Answer:
Verified
Correct Answer:
Verified
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