Statements Answer 1. Checks in payment of a company's payables should be prepared by one person and by another 2. Financial investments should be registered in the name of the A 3. is a bank statement covering a few days after year end that is used by the auditors to verify the client's bank reconciliation 4. Control over cash sales is increased if a centrally located participates in each transaction. 5. The standard form to confirm cash accounts also requests the financial institution to confirm any to the bank