Examlex
Determine whether each of the following is an internal control strength or weakness
1.Receiving department manager places an order with the vendor for merchandise inventory.
2.A voucher is used to certify a transaction and authorize recording of the liability.
3.Goods are received by the receiving department and documented with a receiving report.
4.Accounting department pays the vendor's invoice before goods are received.
5.Invoices are paid after completion of the invoice approval documenting the purchase requisition,purchase order,receiving report,invoice,and approval for payment.
Knowledge-Management System
A technology-based system designed to capture, organize, and disseminate knowledge within an organization.
Centralized Database
A database located, stored, and maintained in a single location, accessible by users from different locations through a network.
Journalistic Approach
Verifying the completeness of a message by making sure it answers the who, what, when, where, why, and how questions.
Thoroughness
The extent to which a task or activity is carried out with attention to detail and completeness.
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