Which of the following statements is not true regarding check receipts? Many businesses still use checks for business-to-business transactions. The use of checks has diminished greatly with advances in technology. Independent internal verification of the deposit slip enhances control over cash receipts. The employee depositing the checks should update sales revenue and accounts receivable. Internal auditors cannot evaluate the system of internal controls of the company that employs them. are hired by CPA firms to audit business firms. Which of the following statements is false regarding EFTs? EFT reduces the opportunities for employees to misappropriate cash. EFT enhances cash management. Online bill payments and direct deposits to employee's accounts are examples of EFTs. EFT uses email to transfer funds from one location to another