The Internal Control Process of Having the Receiving Reports Prepared

question 58

Multiple Choice

The internal control process of having the receiving reports prepared on pre-numbered forms so that the sequence of receipts can be reviewed for proper recording will help to minimize the related risk of:

• A)Invalid vendors
• B)Omitted purchases
• C)Fictitious purchases
• D)Timing issues

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Definitions:

Obedience

The act of following directions or commands from authority figures, often seen as a form of social influence.

Intelligence Quotient

A measure of a person's intelligence as indicated by an intelligence test, relative to the age of the individual.

Mental Age

A measure of an individual's cognitive development, expressed as the age at which an average individual reaches the same level of mental performance.

Chronological Age

The number of years a person has lived, as measured from their birth to a given date.