Payments by EFT Are an Important Internal Control for All

question 119

Multiple Choice

Payments by EFT are an important internal control for all of the following reasons EXCEPT for:

• A)the EFTs provide a record of the payments.
• B)the EFT must be authorized by an authorized official.
• C)all EFT payments are made by the cashier in the Accounting Department.
• D)before authorizing the EFT,the authorized official should study the evidence supporting the payment.