Controls Over the Preparation and Signing of Chequinclude All of the Following

question 42

Multiple Choice

Controls over the preparation and signing of chequinclude all of the following except:

• A) authorized personnel in the accounting department should be responsible for signing the cheques.
• B) the cheque requisition and supporting documents should be cancelled (stamped) when the cheque is signed.
• C) the signed cheque and the supporting documents should be returned to the accounts payable clerk for review and mailing.
• D) prenumbered cheques should be used.

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Definitions:

Good Faith

The principle of acting with honesty, fairness, and sincerity without any intention to deceive or defraud.

Rand Formula

A labor relations policy that requires all workers in a bargaining unit to pay union dues, regardless of their membership status, to ensure fairness in union representation.

Union Dues

Fees that members of a labor union pay to support the operations of the union and its activities.

Labour Relations Boards

Regulatory boards or agencies designated to adjudicate disputes between employers and employees or unions, often overseeing collective bargaining processes.