For good controls over cash payments,the person who orders goods from a supplier should always be different from the person who approves the payment.

Question

Quizplus · Accepted Answer

This separation of duties helps to prevent fraud or misuse of funds by ensuring that no one person has complete control over the entire process of ordering goods and making payments. It is a basic principle of internal controls intended to reduce the risk of errors and irregularities.

For Good Controls Over Cash Payments,the Person Who Orders Goods