Special care should be taken when EFT payments are made to vendors.What control should be put in place that assigns responsibility for EFT payments?

Question

Quizplus · Accepted Answer

Establishing a control group to monitor EFT transactions for validity and accuracy would assign responsibility for ensuring that EFT payments are made accurately and appropriately. This would provide a strong control over the process, reducing the risk of errors or fraudulent activity. The other options are good practices to implement, but do not directly address the issue of assigning responsibility for EFT payments.

Special Care Should Be Taken When EFT Payments Are Made