To Ensure That Only Authorized Payments Are Made, There Should

question 38

Short Answer

To ensure that only authorized payments are made, there should be ______________________________ whereby the accounts payable records on which the payment is based should created by an entity other than the entity that executes the payment.

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Definitions:

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Positive Skewness

A distribution characteristic where the right tail (higher values) is longer than the left tail, indicating that the mass of the distribution is concentrated on the left.

Normally Distributed

This describes a probability distribution that is evenly balanced around the mean, with data near the mean appearing more frequently than data at a distance from the mean.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables, assuming a linear relationship.