Which of the Following Would Probably Be the Least Effective

question 101

Multiple Choice

Which of the following would probably be the least effective control to mitigate the risk of paying a phony invoice payable for inventory purchases that were never made?

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

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Definitions:

Population Locations

Refers to the geographical areas where specific populations reside.

Nonparametric Counterpart

A statistical method that does not assume a specific distribution for the data.

Parametric One-way Analysis

A type of parametric test that assesses for significant differences between more than two groups based on one independent variable.

Kruskal-Wallis Test

A nonparametric statistical test used to determine if there are statistically significant differences between three or more groups of an independent variable on a continuous or ordinal dependent variable.