When Target pays suppliers using pre-numbered checks , which principle of internal control is Target using? Establish responsibility Segregate duties Restrict access Document Procedures Independently verify

Question

When Target pays suppliers using pre-numbered checks , which principle of internal control is Target using? Establish responsibility Segregate duties Restrict access Document Procedures Independently verify

Answer 1

When Target pays suppliers using pre-numbered checks, the principle of internal control being used is "Document Procedures." Pre-numbered checks help ensure that all payments are accounted for and can be tracked, providing a clear documentation trail for financial transactions. This helps prevent errors and fraud by making it easier to verify that all checks issued are legitimate and properly recorded.

Problemas

When Target pays suppliers using pre-numbered checks , which principle of internal control is Target using? Establish responsibility Segregate duties Restrict access Document Procedures Independently verify

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