As is seen, the latter has many choices and requires that we select all that apply.

Requirement d. Identify internal controls that will reduce the likelihood of cutoff misstatements related to purchases. (Select all that apply.)

A. Policy requiring that receiving reports be routed to accounts payable daily for immediate voucher preparation.

B. An independent person matches the purchase order, receiving report, and voucher package and verifies accuracy and correctness of dates of receipts relative to dates of recording of voucher in the acquisitions journal.

C. Vendor statements are reconciled on a monthly basis with the accounts payable master file.

D. Policy requiring that receiving reports be completed in sequential order as goods are received.

E. Accounts payable clerks account for the numerical sequence of receiving reports and prepare voucher packages in numerical sequence starting based on the order of receiving reports received.

F. Policy requiring credit approval prior to shipping goods.

G. Policy requiring the use of prenumbered shipping documents.

H. Policy requiring dating of shipping docs, immediate recording of sales, and dating sales on same date as shipment.

I. Policy requiring the issuance of checks sequentially.