Which of these would be a necessary control to prevent a cash payment being made for an unauthorised purpose?
A)Invoices being required before cheques are issued.
B)Only authorised people being able to issue cheques.
C)The duties of approving invoices and signing cheques are separated.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the controls listed are necessary to ensure that cash payments are made only for authorized purposes. Requiring invoices ensures there is a legitimate reason for payment, restricting cheque issuance to authorized personnel prevents unauthorized payments, and separating duties reduces the risk of fraud or error.

Which of These Would Be a Necessary Control to Prevent