Payment by Check Is an Important Internal Control Because

question 157

Multiple Choice

Payment by check is an important internal control because:

• A)the check provides a record of the payment.
• B)the check must be signed by an authorized official who should study the evidence supporting the payment.
• C)all checks must be approved by the bank's internal audit department before they are paid.
• D)A and B

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Definitions:

Fraudulent Appropriation

The illegal use or misallocation of funds or property that belongs to someone else without their authorization, typically with deceitful intent.

Public Order Crime

Crimes that are said to interfere with the operations of society and the ability of people to function efficiently, often involving victimless acts.

Detrimental to Society

Refers to actions or behaviors that are harmful or disadvantageous to the well-being of a community or society.

Public Order Crimes

Offenses that are considered contrary to public values and morals, such as vandalism, drug use, and disorderly conduct.