Which of the following would most likely be an internal control activity designed to detect errors and

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Which of the following would most likely be an internal control activity designed to detect errors and fraud concerning the custody of inventory?

a. Periodic reconciliation of work in process with job cost sheets.

b. Segregation of functions between general accounting and cost accounting.

c. Independent comparisons of finished goods records with counts of goods on hand.

d. Approval of inventory journal entries by the storekeeper. P-963

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Auditing And Assurance Services A Systematic Approach

ISBN: 9780073337203

5th Edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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