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:

Evolution

The process through which different kinds of living organisms are believed to have developed from earlier forms during the history of the earth.

Environmental Degradation

The deterioration of the environment through depletion of resources, destruction of ecosystems, and extinction of wildlife.

Global Warming

The ongoing rise in the average temperature of the Earth's climate system, largely due to the greenhouse gas emissions from human activities.

Industrial Pollution

Contaminants released into the environment as a result of manufacturing, processing, and using various goods, often harming ecosystems and human health.