The Use of Prenumbered Cheques Is an Example of

question 95

Multiple Choice

The use of prenumbered cheques is an example of

• A)documentation.
• B)review and reconciliation.
• C)assignment of responsibility.
• D)segregation of duties.

---

Definitions:

Fraudulent Conveyance

The transfer of property with the intent to obstruct, delay, or defraud creditors.

Act of Bankruptcy

Any action taken by an individual or company that signals insolvency or the inability to pay debts as they come due.

Assignment of Liabilities

The transfer of responsibility for a debt or obligation from one party to another.

Stay of Proceedings

A court order to temporarily suspend the proceedings or actions in a case.