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Each of the below describes a procedure consistent with a strong system of internal control except... The accounts payable department agrees purchase requisitions, purchase orders,
Each of the below describes a procedure consistent with a strong system of internal control except... The accounts payable department agrees purchase requisitions, purchase orders, receiving reports, and invoices prior to payment. Remittance advices are used for customers' payments received in the mail to ensure the payments are posted to the correct customer's account. The customer order department determines when a sale has occurred and should be recorded. Bank account reconciliations are performed monthly by an employee who does not have access to cash (e.9., accounting personnel). The preparation of monthly bank account reconciliations is an internal control in place to detect misstatements in cash. True False
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