The Receiving Clerk at Folding Squid Technologies Examines Incoming Shipments

question 26

Multiple Choice

The receiving clerk at Folding Squid Technologies examines incoming shipments and reconciles their contents with the relevant purchase orders.A receiving report is then sent to accounts receivable and the vendor's invoice is approved for payment.Which of the following would correct control weaknesses,if any,related to these activities?

• A) The invoice should be approved for payment by the shipping clerk after the purchase order and receiving report are reconciled.
• B) Accounts payable should reconcile the purchase order and the receiving report.
• C) Invoices, purchase orders, and receiving reports should be reconciled by the receiving clerk.
• D) Controls are adequate under the current system.

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Definitions:

Social Stigma

The disapproval or discrimination against an individual or group based on perceivable social characteristics that serve to distinguish them from other members of a society.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, impacting day-to-day living.

Maladaptive Behavior

Actions or tendencies that are not conducive to health or well-being, often hindering a person's ability to adjust healthily to situations.

Personal Distress

Emotional pain and suffering typically stemming from personal difficulties, challenges, or traumatic events, affecting one's mental health.