Payments by EFT Are an Important Internal Control for All

question 49

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 approved by an authorized official.
• C)all EFT payments are made by the cashier in the Accounting Department.
• D)the authorizing official should study the evidence supporting the payment before approving the EFT.

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Definitions:

Consulting

Offering expert advice in a particular area or specialty to improve a client or organization's performance or strategy.

Competent

Possessing the necessary ability, knowledge, or skill to do something successfully.

Tarasoff v. The Regents

Tarasoff v. The Regents of the University of California is a landmark legal case that established the duty of mental health professionals to warn identifiable individuals of threats made by a patient.

Foreseeable Harm

A potential injury or adverse effect that is predictable or should have been anticipated in a given situation.