Background checks of prospective employees are not necessary when a company has an effective system of internal control.
Correct Answer:
Verified
Q4: Control over cash disbursements is improved if
Q10: The use of electronic funds transfers normally
Q11: Segregation of duties among employees eliminates the
Q13: A bank reconciliation is generally prepared by
Q22: Deposits in transit require an adjustment to
Q23: NSF cheques received are accounted for by
Q25: Management only needs to know how much
Q28: Debt investments due within three months are
Q29: Debit card and bank credit card transactions
Q39: An NSF cheque that was received is
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