The bank statement is reconciled monthly by an internal auditor.

Answer:

A. Company checks are prenumbered:

Foundation of duty Physical controls Segregation of obligations Human asset controls Independent inward confirmation Documentation procedures.

B. The bank statement is reconciled monthly by an internal auditor:

Isolation of obligations Documentation systems Independent internal verification Establishment of duty Physical controls Human asset controls.

C. Blank checks are stored in a safe in the treasurer?s office:

Physical controls Documentation strategies Human asset controls Independent inward confirmation Establishment of duty Segregation of obligations.

D. Only the treasurer or assistant treasurer may sign checks:

Isolation of obligations Documentation systems Physical controls Establishment of responsibility Human asset controls Independent inner check.

E. Check-signers are not allowed to record cash disbursement transactions:

Human asset controls Physical controls Documentation methodology Establishment of obligation Independent inward check Segregation of duties