Controls over the preparation and signing of cheques include all of the following except:
A) authorised personnel in the accounting department should be responsible for signing the cheques.
B) the cheque requisition and supporting documents should be cancelled (stamped) when the cheque is signed.
C) the signed cheque and the supporting documents should be returned to the accounts payable clerk for review and mailing.
D) prenumbered cheques should be used.

Question

Quizplus · Accepted Answer

Returning the signed cheque and supporting documents to the accounts payable clerk for review and mailing is not a control measure; it could lead to a lack of segregation of duties and increase the risk of fraud or errors.

Controls Over the Preparation and Signing of Cheques Include All