The internal control that requires that "checks are pre-numbered and accounted for" satisfies which assertion?
A)Accuracy.
B)Existence.
C)Completeness.
D)Posting and summarization.

Question

Quizplus · Accepted Answer

Pre-numbering and accounting for checks ensure that all transactions are recorded and none are omitted, addressing the completeness assertion by verifying that all items that should be recorded are indeed recorded.

The Internal Control That Requires That "Checks Are Pre-Numbered and Accounted