Documentation procedures do NOT include which of the following?
A) prenumbered documents
B) source documents sent promptly to the accounting department
C) all controls written down and kept updated
D) alarms set at the close of the business day

Question

Quizplus · Accepted Answer

Documentation procedures are concerned with the creation, handling, and storage of documents that provide evidence of transactions and events affecting the financial statements. They typically include the use of prenumbered documents to track transactions, ensuring source documents are sent promptly to the accounting department for processing, and maintaining updated written records of all controls. Setting alarms at the close of the business day is related to physical security controls rather than documentation procedures.

Documentation Procedures Do NOT Include Which of the Following