This control requires the approval and signature of two authorized persons, on checks over the predetermined threshold amount, which reduces the risk of significant fraud or error.
A)Double Remittance
B)Duo-Authorization
C)Bi-Sign
D)Dual Signature

Question

Quizplus · Accepted Answer

Dual signature is the term used to describe the control that requires the approval and signature of two authorized persons on checks above the predetermined threshold amount. This control helps to reduce the risk of significant fraud or error, as two people are required to review and approve the transaction. Both Bi-Sign and Duo-Authorization are not commonly used terms in this context, while Double Remittance refers to a different control mechanism altogether.

This Control Requires the Approval and Signature of Two Authorized