20 Which of the following Credit authorization a relationships does not violate the rules of segregation of duties? preparation of the sales order D. Preparing goods for shipment and accounting for inventory C. Entering sales in the sales journal and handling the inventory O. Preparation of the sales order and sales invoice E Approve the sales invoice and credit check sales invoice rder and 21 Common type except s of independent checks within the revenue process include all of the following A. Verification of information in the sales journal and on sales invoices. B. Reconciliation of accounts receivable detail with invoices and with the general ledger C. Reconciliation of inventory records with actual (counted) quantities on hand D. Verification of the bank statement and the cash account in the general journal. E. None of the above receiving a returned product and checking its condition, all of the following options are available to a company except A. Resell the product B. Repair the product C. Record bad debt expense on the product D. Dispose of the product E. Both C and D 23. The main purpose of an audit is to assure users of the financial information about the A. Effectiveness of the internal controls of the company B. Selection of the proper GAAP when preparing financial statements C. Proper application of GAAS during the examination D. Accuracy and completeness of the information E. All of above 24. Goods received are unacceptable due to may different situations. Which of the following is not one of those situations? A. Damage or defects B. Errors in the type of goods delivered or ordered C. Changes in the company needs regarding future sales or production D. Timing issues E. More than one choice is correct 25. Internal controls related to the purchase returns would include all of the following, except: A. Special authorization should be required to officially reject and return the items