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(a) Company checks are prenumbered. (b) The bank statement is reconciled monthly by an internal auditor. (c) Blank checks are stored in a safe
(a) Company checks are prenumbered. (b) The bank statement is reconciled monthly by an internal auditor. (c) Blank checks are stored in a safe in the treasurer's office. (d) Only the treasurer or assistant treasurer may sign checks. (e) Check-signers are not allowed to record cash disbursement transactions.
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Financial Reporting & Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
11th edition
324657420, 978-0324657425
