For the most effective internal control,monthly bank statements should be received directly from the banks and reviewed by the
A) controller.
B) cash receipts accountant.
C) cash disbursement accountant.
D) internal auditor.

Question

Quizplus · Accepted Answer

The internal auditor is independent of the cash handling and recording functions, making them the most effective choice for reviewing bank statements to ensure unbiased and accurate internal control.

For the Most Effective Internal Control,monthly Bank Statements Should Be