Company policy for internal


Company policy for internal control should include all of the following except for which one?

A. Employees will be rotated.


B. Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks.


C. The owner (or responsible employee) signs all checks after receiving authorization to pay from the departments concerned.


D. At time of payment, all supporting invoices or documents will be stamped "paid."

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Accounting Basics: Company policy for internal
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