Multiple Choice
Which of the following would meet the need for additional control procedures when using computer-generated purchase orders?
A) Establishment of a maximum quantity limits that can be ordered within a given time period.
B) Automated acceptance for high dollar levels.
C) Purchase order copies sent by purchasing to receiving.
D) Accounts payable department entering new vendors into the system.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Acquisition and payment processes What are the
Q16: Analytical review of related expense accounts when
Q44: An indication of potential inventory fraud is
Q49: Which of the following signals a potential
Q52: Which of the following is a reason
Q64: Physical inventory procedures Discuss the procedures that
Q74: Inventory controls What are some of the
Q87: Proper internal control over the inventory account
Q90: Valuation is the most complex assertion related
Q96: The acquisition cycle begins with the receipt