Which of the Following Would Probably Be the Least Effective

question 63

Multiple Choice

Which of the following would probably be the least effective control to mitigate the risk of paying an invoice payable to a phony vendor for inventory purchases,mailed to the company by an employee attempting to commit fraud?

• A) Only pay from original invoices.
• B) Cancel all invoices and supporting documentation when paid.
• C) Strict access and authorization controls for the approved vendor master file.
• D) Require three-way match for all inventory purchase invoices.

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Definitions:

Bureau Of Labor Statistics

A governmental body in the United States responsible for gathering, processing, analyzing, and distributing crucial statistical information about the labor market, employment conditions, and variations in economic prices.

Business Establishments

Places of business where commercial, industrial, or professional activities are conducted, often referring to a physical location.

Frictional Unemployment

Short-term unemployment that occurs when people are between jobs or entering the labor force for the first time.

Demand For Labor

The total amount of workers that employers are willing and able to hire at a given wage rate in a given time period.