Which of the following is not a suggested procedure to establish internal control over cash disbursements? A)Anyone can sign the checks. B)Different individuals approve and make the payments. C)Blank checks are stored with limited access. D)The bank statement is reconciled monthly.

Question

Quizplus · Accepted Answer

Allowing anyone to sign checks does not establish control over cash disbursements, as it increases the risk of unauthorized or fraudulent transactions.

Which of the Following Is not a Suggested Procedure to Establish