Examlex
In the figure above, item 8 points to the ____.
Internal Control
Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Separation Of Duties
is a preventive security measure in organizations to reduce the risk of fraud or error, requiring more than one person to complete key tasks.
Voucher System
A control mechanism in accounting that uses vouchers to record transactions and ensure expenditures are properly authorized.
Voucher System
A method in accounting used to authorize and document transactions, ensuring payments are made for authorized purchases only.
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