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i need help ASAP 28. Which of the following describes incompatible duties that create a segregation of duties concern? a. Cash disbursements prepares the checks
i need help ASAP 28. Which of the following describes incompatible duties that create a segregation of duties concern? a. Cash disbursements prepares the checks and updates the cash disbursements journal. b. Accounts payable updates the accounts payable subsidiary ledger and authorizes cash disbursements to be made. c. Accounts payable performs three-way match and identifies when invoices are to be paid. d. Accounts payable records purchases in the purchases journal and prepares journal voucher to record purchases. e. None of the above create a segregation of duties concern. 29. Which of the following business functions should be responsible for authorizing the purchase of inventory? a. Inventory control b. Purchasing c. Cost accounting d. Accounts payable 30. In a manufacturing organization, which of the following business functions should be responsible for authorizing the payment of a liability for inventory that was received? a. Inventory control b. Cost accounting c. Accounts payable d. Cash disbursements 31. Business organizations can expect that proper use of a pre-approved valid vendor file will result in all the following benefits except a. purchases from unapproved vendors will be prevented b. reduction in likelihood of certain vendor fraud schemes c. the most competitive prices will be obtained d. reduction in risk of purchasing agents receiving kickbacks and bribes 32. The key risk exposures associated with the receiving department in a manufacturing organization include all the following except a. goods are accepted without a physical count b. there is no inspection for goods that may have been damaged during shipment c. inventory items are not secured in the receiving area d. goods are purchased from unauthorized vendor
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