Define internal control procedures over cash disbursements

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Reference no: EM131828341

Question: Tott Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure.

(a) Company checks are prenumbered.

(b) The bank statement is reconciled monthly by an internal auditor.

(d) Only the treasurer or assistant treasurer may sign checks.

(e) Check-signers are not allowed to record cash disbursement transactions.

Reference no: EM131828341

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