An organization has a policy requiring two signatures on all checks written for amounts in excess of $10, 000. When evaluating controls over disbursements, an auditor would conclude that a greater risk exists if
- The auditor located two checks for $9, 000 each that contained one authorized signature.
- The $10, 000 was an immaterial amount to the organization and very few cash disbursements required an amount in excess of $10, 000.
- The director of accounting was not one of the authorized signers.
- There were several instances in which successively numbered checks for amounts between $5, 000 and $10, 000 were made payable to the same vendor.