Which of the following is NOT an example of an internal verification procedure?
A) Checking accuracy of document preparation
B) Checking for authorisation of transactions
C) Reviewing reports for incorrect items
D) Accounting for numerical sequence of prenumbered documents

Question

Quizplus · Accepted Answer

Checking for authorization of transactions involves external verification, as it requires comparing the transaction to an external source (e.g. signature on a contract or approval from a manager). The other options (checking accuracy of document preparation, reviewing reports for incorrect items, accounting for numerical sequence of prenumbered documents) all involve internal verification procedures, as they involve checking internal documentation or records for accuracy and completeness.

Which of the Following Is NOT an Example of an Internal