The Internal Control Process That Requires the Segregation of the Authorization

question 63

Multiple Choice

The internal control process that requires the segregation of the authorization of purchase returns and the accounts payable record keeping and the custody of inventory, will help to minimize the risk of:

• A)Incorrect amounts
• B)Fictitious returns
• C)Timing issues
• D)Duplicate returns

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Definitions:

Indirect Approach

A communication strategy where the main point or message is not directly stated at the beginning but revealed through subsequent discussion.

RFP

Request for Proposal; a document that a company or organization posts to elicit bids from potential vendors for a desired project or purchase.

Persuasive Message

A form of communication designed to convince or influence the audience to adopt a certain viewpoint or take a specific action.

Analytical Reports

Documents that present data and analysis to support decision-making, often including statistics, patterns, and recommendations.