Which of the following is not an independent verification related to cash disbursements?
A)The cash disbursements journal is reconciled to the general ledger.
B)The stock of unused checks should be adequately secured and controlled.
C)The bank statement is reconciled on a monthly basis.
D)The accounts payable subsidiary ledger is reconciled to the general ledger.

Question

Quizplus · Accepted Answer

The stock of unused checks being adequately secured and controlled is a control activity related to safeguarding assets rather than an independent verification related to cash disbursements. Independent verifications typically involve reconciliations and reviews to ensure transactions are recorded correctly and in the right period.

Which of the Following Is Not an Independent Verification Related