Which of These Would Be a Necessary Control to Prevent

question 34

Multiple Choice

Which of these would be a necessary control to prevent a cash payment being made for an unauthorised purpose?

• A)Invoices being required before cheques are issued.
• B)Only authorised people being able to issue cheques.
• C)The duties of approving invoices and signing cheques are separated.
• D)All of the above.

---

Definitions:

SEC

The U.S. Securities and Exchange Commission, a federal agency that regulates the securities markets to protect investors.

Securities Offerings

The process of issuing new securities for sale to investors, typically to raise capital for a corporation or government entity.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry and stock and options exchanges.

Letter of Comments

A document often issued by auditors or regulatory bodies outlining concerns, observations, or requests for clarification on specific points in a financial report or audit.