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Who appoints member(s) to the Cash Verification Team (CVT)?

a) CEO
b) CFO
c) External auditor
d) Disbursing Officer

1 Answer

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Final answer:

Members of the Cash Verification Team are typically appointed by the Chief Financial Officer (CFO), who is responsible for the financial controls within an organization.

Step-by-step explanation:

The appointment of member(s) to the Cash Verification Team (CVT) is typically the responsibility of the Chief Financial Officer (CFO). The CFO has the accountability for managing the company's finances, including its assets, and is therefore generally tasked with ensuring proper financial control systems are in place, which includes the creation and oversight of a CVT. While the CEO may have ultimate responsibility for the governance of the organization, and the external auditor may audit the processes, the actual appointment of CVT members would usually fall under the purview of the CFO.

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