The Receiving Clerk at Folding Squid Technologies Examines Incoming Shipments

question 37

Multiple Choice

The receiving clerk at Folding Squid Technologies examines incoming shipments and checks their purchase order numbers.A receiving report is then sent to accounts payable,where it is reconciled with the relevant purchase orders and invoices and payment is authorized.Which of the following would correct control weaknesses,if any,related to these activities?

• A) Vendor invoices should be approved for payment by the shipping clerk after the purchase order and receiving report are reconciled.
• B) Vendor invoices should be approved for payment by the purchasing manager.
• C) Purchase orders and receiving reports should be reconciled by the purchasing manager.
• D) Controls are adequate under the current system.

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Definitions:

Work Roles

Functions and responsibilities allocated to an individual in a professional setting, aimed at achieving organizational goals.

Tedious and Stressful

Descriptions of tasks or situations that are boring, repetitive, and often cause mental or physical strain.

Demand

The desire and ability of consumers to purchase goods or services at a given price.

Safety Regulations

Standards and rules established to ensure the physical and psychological well-being of individuals in various environments.