Which of the Following Controls Would Best Help Detect the Removal

question 124

Multiple Choice

Which of the following controls would best help detect the removal of a blank check by an employee from the back of a company's checkbook for subsequent misappropriation of funds?

• A)An accounting policies manual.
• B)Tracing any debit memorandums from the bank to the company's records.
• C)The use of prenumbered checks.
• D)A review of the cash budget.

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Definitions:

Enterprise Resource Planning (ERP)

Integrated management of main business processes, often in real-time and mediated by software and technology.

Data Management Systems

Systems that acquire, validate, store, protect, and process required data to ensure the accessibility, reliability, and timeliness of the data for its users.

Picking

Retrieving materials from storage and bringing them to manufacturing to fulfill a production order, or retrieving finished goods from storage and preparing them for shipment to fulfill a customer order.

Quality Inspection

An evaluative process where products or services are examined and tested to ensure they meet specified standards and requirements before being delivered to customers.