Which of the following necessary controls would address a potential misstatement arising from a voucher being paid
Question:
1) Periodic independent bank reconciliations
2) Electronic cancellation of vouchers and supporting information when a check is issued
3) Separate duties for approving payment vouchers and sighing checks
4) A computer comparing the sum of checks issued with the entry to cash disbursements
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Question Posted: