Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 20, 2024

For the risk of duplicate recording of purchases, what is the most likely internal control weakness? Inadequate segregation of duties in accounts payable Inadequate training

For the risk of duplicate recording of purchases, what is the most likely internal control weakness?

Inadequate segregation of duties in accounts payable Inadequate training for accounts payable employees Ineffective controls for matching disbursement documents Ineffective controls for review of supporting documents

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Skills For Accounting And Auditing Research

Authors: Shelby Collins

2nd Edition

1618530747, 9781618530745

More Books

Students also viewed these Accounting questions

Question

★★★★★

In what ways has innovation been crucial to the growth of Netflix? How has it benefited from radical innovation from systems innovation from incremental innovation?

Answered: 1 week ago

Question

★★★★★

Bank of America customers select their own four-digit personal identification number (PIN) for use at ATMs. a. Think of this as an experiment and list four possible outcomes. b. What is the...

Answered: 1 week ago

Question

★★★★★

4 When is technology transfer complete?

Answered: 1 week ago

Question

★★★★★

Income is to be evaluated under four different situations as follows: a. Prices are rising: (1) Situation A: FIFO is used. (2) Situation B: LIFO is used. b. Prices are falling: (1) Situation C: FIFO...

Answered: 1 week ago

Question

★★★★★

Cullumber Companys net income for 2017 is $52,900. The only potentially dilutive securities outstanding were 1,100 options issued during 2016, each exercisable for one share at $6. None has been...

Answered: 1 week ago

Question

★★★★★

Customer service team leader Initial discussion to be conducted. Outcomes of the performance assessment Yuki has achieved an average customer satisfaction rating of 72%. This is very low as per the...

Answered: 1 week ago

Question

★★★★★

15} A logging contractor has three feller bunchers. On any given day, each machine has a 90% chance of working. The contractor is considering buying a fourth feller buncher to offset the possibility...

Answered: 1 week ago

Question

★★★★★

Company XYZ, a mason contractor, received a government contract amounting to $400,00.00 from Mercy City's Department of General Services for the purpose of "pointing" the joints of the stone exterior...

Answered: 1 week ago

Question

★★★★★

QB1 (a) A motor gives gear A a clockwise angular velocity of @A rad/s and an anti- clockwise angular acceleration a rad/s, as shown in figure QB1. If the angular velocity of gear B is @B = 3 rad/s...

Answered: 1 week ago

Question

★★★★★

Question 1. This question basically asks you to compare the Net Present Value (NPV) to the Internal Rate of return (IRR) on the time length of an investment project.. a. Draw a "growth curve" for a...

Answered: 1 week ago

Question

★★★★★

Mary Tam is a civil engineer who was assigned a month ago to work with a team that builds roads and bridges across Canada. After a couple of weeks, Mary went to the head of HR to report that her...

Answered: 1 week ago

Question

★★★★★

3.95 Show that the probability of the union of events A and B can be written as follows: P1A Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

3.94 State, with evidence, whether each of the following claims is true or false: a. The conditional probability of A, given B, must be at least as large as the probability of A. b. An event must be...

Answered: 1 week ago

Question

★★★★★

3.90 Explain carefully the meaning of conditional probability. Why is this concept important in discussing the chance of an events occurrence?

Answered: 1 week ago

Previous Question Next Question