The use of electronic funds transfers
A)normally results in better internal controls.
B)does not require segregation of duties.
C)eliminates opportunities for fraud.
D)does not require proper authorization.

Question

Quizplus · Accepted Answer

Electronic funds transfers generally result in better internal controls because they automate transactions, reduce the handling of cash, and often include built-in controls such as authentication and transaction logs, which enhance security and oversight.

The Use of Electronic Funds Transfers