Which One of the Following Is an Example of Proper

question 37

Multiple Choice

Which one of the following is an example of proper internal control that the auditor would expect to find in place for cash processing systems?

• A)Periodic internal audits of cash controls and cash management.
• B)The treasurer performs monthly bank reconciliations on a timely basis.
• C)Prenumbered turnaround documents such as bills of lading.
• D)Authentication such as passwords allowing the controller to execute wire transfers.