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 (EFT) typically result in better internal controls because they provide a clear audit trail and reduce the need for handling cash, which can be prone to errors and fraud.

The Use of Electronic Funds Transfers