m 6 0:00 Time Left:2:37:48 Abigail Hopson: Attempt 1 Save Question 11 (5 points)

Question

m 6 0:00 Time Left:2:37:48 Abigail Hopson: Attempt 1 Save Question 11 (5 points) n Company policy for internal control should include all of the following except for which one? At time of payment, all supporting invoices or documents will be stamped "paid." The owner (or responsible employee) signs all checks after receiving authorization to pay from the departments concerned Employees will be rotated. 12 Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks. n 7 Saved Sa

Explanation / Answer

Answer is : Monthly Bank Statement should be sent to and reconciled by same employee Who authorize payments and write checks.

If we require strong Internal Controls then above statement is leads to poor Internal Controls

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.