Necessary Controls in the Accounts Payable and Information Technology Departments

question 101

Multiple Choice

Necessary controls in the accounts payable and information technology departments include:

• A) adequate documents and records, and proper procedures for record keeping.
• B) independent checks on performance.
• C) that personnel who record transactions do not have access to cash, marketable securities, or other assets.
• D) all of the above

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Definitions:

Proper Structure

The organization of elements in a way that follows accepted rules or standards, ensuring clarity and effectiveness.

Business Report

A formal document that provides information and analysis about a business's operations, performance, or strategy.

Line of Reasoning

The logical sequence of thoughts or arguments that lead to a specific conclusion.

Information

Data that has been processed or organized in a meaningful way, useful for decision-making or understanding a topic.