Payment by Check Is an Important Internal Control Because

question 157

Multiple Choice

Payment by check is an important internal control because:

• A)the check provides a record of the payment.
• B)the check must be signed by an authorized official who should study the evidence supporting the payment.
• C)all checks must be approved by the bank's internal audit department before they are paid.
• D)A and B

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Definitions:

Mood Disorder

A psychological disorder characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Separation Anxiety Disorder

A psychological condition in which an individual experiences excessive fear or anxiety about separating from those to whom they are attached.

Conduct Disorder

A mental health disorder characterized by a repetitive and persistent pattern of behavior where the basic rights of others or major age-appropriate societal norms or rules are violated.

Conduct Disorder

A psychological disorder in children and adolescents marked by a repetitive and persistent pattern of behavior that violates social norms or the basic rights of others.