Which of the following is NOT a feature of the internal control of cash payments?
A) Two staff members should sign the cheques.
B) The signatories should be involved in invoice approval.
C) Payments should only be made for properly authorised documentation.
D) Cheques should be endorsed with a stamp.

Question

Quizplus · Accepted Answer

The signatories of cheques should not be involved in invoice approval to maintain segregation of duties, which is a key principle of internal control. This helps prevent fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

Which of the Following Is NOT a Feature of the Internal