Indicate whether each of the following statements regarding internal controls is true or false.
-Supporting documents are required when checks are presented to the check signer to be signed

Question

Quizplus · Accepted Answer

Supporting documents, such as invoices or receipts, help to verify that the payment being made by the check is legitimate and authorized. Therefore, they are typically required as a part of internal controls to prevent fraud or errors.

Indicate Whether Each of the Following Statements Regarding Internal Controls