For the following potential misstatements for cash payments, identify a necessary control and a test of the operational effectiveness of that control.
1 a cash payment may be made for an unauthorised purpose.
2 an invoice may be paid twice.
3 a cheque may be issued for the wrong amount.
4 a cash payment transaction may not be recorded.

Question

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The Answer of For the following potential misstatements for cash payments, identify a necessary control and a test of the operational effectiveness of that control.
1 a cash payment may be made for an unauthorised purpose.
2 an invoice may be paid twice.
3 a cheque may be issued for the wrong amount.
4 a cash payment transaction may not be recorded.

For the Following Potential Misstatements for Cash Payments, Identify a Necessary