Asked by Abdullah Elalami on May 08, 2024
Verified
An authorized signing officer should sign a cheque only after reviewing the appropriate supporting documentation.
Authorized Signing Officer
is an individual granted the authority by an organization to sign official documents on behalf of the company.
Supporting Documentation
Documents that provide evidence of transactions and can include receipts, invoices, contracts, and bank statements.
- Understand the optimal methods for overseeing and recording cash transactions to ensure robust control.
Verified Answer
BN
Balqis NajihahMay 12, 2024
Final Answer :
True
Explanation :
An authorized signing officer should review the appropriate supporting documentation before signing a cheque to ensure the payment is valid and authorized, preventing fraud and financial errors.
Learning Objectives
- Understand the optimal methods for overseeing and recording cash transactions to ensure robust control.
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