The Internal Control Which Requires That 'Cheques Are Prenumbered and Accounted

question 41

Multiple Choice

The internal control which requires that 'cheques are prenumbered and accounted for' satisfies which transaction-related audit objective for cash payments?

• A) posting and summarisation
• B) accuracy
• C) existence
• D) completeness

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Definitions:

Virtue

Moral excellence and righteousness; qualities of moral goodness or merit.

Communities

Groups of people living in the same area or having a particular characteristic in common, forming a social, cultural, or economic network.

Ruling Classes

The segment of society that holds authority and power, typically governing or making significant decisions for a country or organization.

Ethics Flexibility

The concept of being adaptable in applying ethical principles to varied situations, recognizing that different contexts may require different moral considerations.