The objectives of internal control for an inventory management process are to provide assurance that transactions are
Question:
The objectives of internal control for an inventory management process are to provide assurance that transactions are properly authorized and recorded and that
a. Independent internal verification of activity reports is established.
b. Transfers to the finished goods department are documented by a com- pleted production report and a quality control report.
c. Production orders are prenumbered and signed by a supervisor.
d. Custody of work in process and finished goods is properly maintained.
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Related Book For
Auditing And Assurance Services
ISBN: 9780073527086
7th Edition
Authors: William MessierSteven Glover
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