Which of the following internal controls is a common detective control over cash and cash transactions? a. monthly or periodic bank account reconciliation b. separation of duties between the approval of invoices and the disbursements duties c. authorization for a payroll rate change d. mailing of account statements to customers

Auditing: A Risk Based-Approach (MindTap Course List)
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ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
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Which of the following internal controls is a common detective control over cash and cash transactions?

a. monthly or periodic bank account reconciliation

b. separation of duties between the approval of invoices and the disbursements duties

c. authorization for a payroll rate change

d. mailing of account statements to customers

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