Which of the Following Actions Is Least Likely to Help

question 15

Multiple Choice

Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accomplice vendors?

• A) Marking "paid" on every voucher that has been paid
• B) Verifying vendor address changes before disbursements are issued
• C) Matching all bank statement items to canceled checks
• D) Separating the duties of purchasing, authorizing, and distributing payments

---

Definitions:

Annuity

A series of equal cash flows at fixed intervals.

Equal Cash Flows

Financial inflows or outflows that are identical in amount over specified periods.

Fixed Intervals

Predetermined periods or times at which certain events or actions are scheduled to occur.

Net Present Value

Net Present Value is the calculation that measures the difference between the present value of cash inflows and the present value of cash outflows over a period of time.