The Internal Control That Requires That "Checks Are Prenumbered and Accounted

question 88

Multiple Choice

The internal control that requires that "checks are prenumbered and accounted for" satisfies the objective of

• A) accuracy.
• B) existence.
• C) completeness.
• D) posting and summarization.

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Definitions:

Team Approach

A collaborative method where a group of individuals work together towards a common goal, leveraging their diverse skills and perspectives.

Highest-Quality Solution

the optimal answer or method found for a problem or challenge, which serves the objectives most effectively and efficiently according to established criteria.

Immediate Action

A prompt response or measure taken to address a situation or solve a problem without delay.

Appreciative Inquiry

A method of organizational change focused on identifying what works well, analyzing why it works, and then doing more of it.