Multiple Choice
Which of the following is not an example of an internal control for the sales process?
A) Credit committee review of credit limits on a quarterly basis
B) Approved purchase order is reconciled to invoice
C) Application control that only allows orders to be processed against existing approved customers with enough unused credit limit
D) Invoices automatically generated from order and dispatch document
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Control risk refers to the risk that
Q15: What is a management letter and what
Q27: Which of the following statements relating to
Q28: For purchasing inventory transactions, an example of
Q28: What are the most common forms of
Q30: Performance reviews are control activities that include:<br>A)
Q31: Why are internal controls so important to
Q31: The internal control objective of 'classified' means
Q32: If controls are in place to ensure
Q36: The internal control objective of 'real' refers