The Voucher System Strengthens Internal Control Because

question 20

Multiple Choice

The voucher system strengthens internal control because:

• A)all the duties of preparing a voucher and the receiving reports are assigned to multiple employees.
• B)certain payments,which are made on a regular basis,such as monthly rent payments,still need to be vouchered.
• C)the employee who approves all vouchers then sends the approved vouchers to others who prepare the voucher register and the check register.
• D)All of these answers are correct.

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Definitions:

Tracking Apps

Applications designed to monitor the location or performance of items, individuals, or information through technology-enabled devices.

Data Collection

The process of gathering and measuring information on variables of interest in a systematic fashion, which then enables one to answer relevant questions and evaluate outcomes.

Huge Amount

A term referring to a very large quantity or volume of something.

External Data Sources

Data collected from sources outside an organization, which can include public records, surveys from other companies, or data sold by other organizations.