Preparing a bank reconciliation on a monthly basis is an example of:
A. Establishing responsibility.
B. Separation of duties.
C. Protecting assets by proving accuracy of cash records.
D. A technological control.
E. Poor internal control
Answer: C
Preparing a bank reconciliation on a monthly basis is an example of:
A. Establishing responsibility.
B. Separation of duties.
C. Protecting assets by proving accuracy of cash records.
D. A technological control.
E. Poor internal control
Answer: C