165k views
0 votes
An internal control narrative indicates that an approved voucher is required to support every check request for payment of merchandise. Which of the following procedures provides the greatest assurance that this control is operating effectively?

1 Answer

5 votes

Answer:

Select and examine canceled checks and ascertain that the related vouchers are dated no later than the checks.

Step-by-step explanation:

This can be used for when you want to make sure that there are no mistakes regarding the canceled checks so no one can make use of them while they are canceled, also you have to make sure that the related vouchers are dated no later than the checks so you can be sure that the checks are canceled, it is sort of a double check.

User Carlos Cardenas
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.