Question
As part of the preliminary investigation, an internal auditor sent an internal control questionnaire to the outstanding payments function. Based on the questionnaire responses, the
As part of the preliminary investigation, an internal auditor sent an internal control questionnaire to the outstanding payments function. Based on the questionnaire responses, the auditor determines that there is no established procedure for approving new suppliers and that there is no proper control. What did the auditor observe?
1. criteria 2. condition 3. Effect 4. cause
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
