Payments by EFT Are an Important Internal Control for All

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 approved by an authorized official.
C) all EFT payments are made by the cashier in the Accounting Department.
D) the authorizing official should study the evidence supporting the payment before approving the EFT.