Requiring ___ on certain source documents is associated with transaction limits as an internal control.
A)Sequential numbering
B)Physical security
C)Supervisory approval
D)Internal transaction notifications

Question

Quizplus · Accepted Answer

Supervisory approval on certain source documents is a common internal control associated with transaction limits. It ensures that transactions above a certain threshold are reviewed and authorized by a supervisor or manager, adding a layer of oversight and reducing the risk of errors or fraud.

Requiring ___ on Certain Source Documents Is Associated with Transaction