Consider the following possible misstatements and internal controls associated with the purchasing process.

Possible Misstatements

1. Purchases may be made from fictitious or unauthorized vendors.
2. Products may be received without generating a receiving report.
3. Purchases may be recorded in an incorrect account.
4. Goods may not have been ordered.
5. Purchases may be posted to the wrong vendor.
6. Purchases may be recorded in the incorrect time period.
7. Purchases may be recorded at an incorrect amount.
8. Purchases may not be recorded.

Required

For each control listed below, identify the possible misstatement the control is designed to prevent, or detect and correct. Put one number in the box corresponding to the list above for the possible misstatement.

Controls

A. Software compares the recording date on vouchers with the date on the underlying receiving report.
B. Software compares the general ledger coding on the voucher with the general ledger coding on the purchase order.
C. Software matching receiving reports with vouchers on a one-for-one basis. Once a receiving report has been matched with a voucher, it cannot be matched with a different voucher.
D. Only a limited number of individuals can change the vendor master file, and these duties are segregated from purchasing and from receiving and recording goods.
E. Software identifies all unfilled purchase orders for follow-up by the ordering department.
F. Software matches the vendor number on the voucher with the vendor number on the purchase order.
G. Software matches the items and quantities on a voucher with items and quantities on a receiving report.
H. Software matches all goods received to an approved purchase order.