An electronic funds transfer will result in less internal control because no cash or cheques are handled by company employees.

Name: An electronic funds transfer will result in less internal control because no cash or cheques are handled by company employees.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Electronic funds transfers can enhance internal control by reducing the risk of theft or loss associated with handling physical cash or cheques, and by providing a clear audit trail.

An Electronic Funds Transfer Will Result in Less Internal Control