An Internal Control Questionnaire Indicates That an Approved Receiving Report

question 27

Multiple Choice

An internal control questionnaire indicates that an approved receiving report is required to accompany every check request for payment of merchandise.Which of the following procedures provides the greatest assurance that this control is operating effectively?

• A)Select and examine receiving reports and ascertain that the related canceled checks are dated no earlier than the receiving reports.
• B)Select and examine receiving reports and ascertain that the related canceled checks are dated no later than the receiving reports.
• C)Select and examine canceled checks and ascertain that the related receiving reports are dated no earlier than the checks.
• D)Select and examine canceled checks and ascertain that the related receiving reports are dated no later than the checks.

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Definitions:

Visibility

The degree to which activities, decisions, or objects are seen or understood by others, often impacting influence or accountability.

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A form of insurance coverage that pays for an individual's medical and surgical expenses, or reimburses the insured for expenses incurred from illness or injury.

Internal Integration

The process of ensuring that different departments and functions within an organization work together effectively and cohesively.