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For each of the following threats, identify applicable control procedures in the expenditure cycle. (5 Marks each) 1: Theft of goods by receiving clerk. 2:
For each of the following threats, identify applicable control procedures in the expenditure cycle. (5 Marks each)
1: Theft of goods by receiving clerk.
2: Purchasing goods at inflated prices that were of inferior quality when attempting to obtain the lowest possible prices.
3: Inaccuracies in vendor invoices resulting from discrepencies between quoted and actual prices charged.
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