Multiple Choice
Many companies have inventory that is easy to steal and is readily marketable.Which of the following controls helps to prevent theft and misuse of inventory?
A) physical control of inventory from time of receipt until use
B) proper access controls over the inventory master and transaction files
C) dual signatures required on all purchase orders over $10 000
D) purchase requisitions are to be approved by the production manager
Correct Answer:

Verified
Correct Answer:
Verified
Q6: An important control in the accounts payable
Q7: The control objective associated with selecting a
Q8: What are the two factors that the
Q9: What are the risks of error or
Q10: Which of the following controls help to
Q12: Which of the following situations would indicate
Q13: Auditor confirmation of accounts payable balances at
Q14: One of the ways to prevent the
Q15: The statement that items on the accounts
Q16: The tests of details of balances procedure