Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need it Necessary in a quick time Live this response Question 3 Which of the following is regarded as a deficiency in internal controls

image text in transcribed

image text in transcribed

I need it Necessary in a quick time

Live this response Question 3 Which of the following is regarded as a deficiency in internal controls that could result in a misstatement in the receiving department? A Use a blind copy of the purchase order of a seara rong report without a copy of the purchase order OB Supplying the receiving department with electronic access to the purchase order C Payroll checks which are not distributed are returned back to the computer department supervisor D. The bank statement is reconciled by the manager were reconciliations should be made against the manager's report of cash disbursements & Moving to another question will save this response 1 points Save Answer For the following misstatements that have occurred in Dana Store, a retail and wholesale grocery company, identify the transaction-related audit objective that has not been met: A vendor invoice was paid even though no merchandise was ever received. The accounts payable software application does not require the input of a valid receiving report number before payment can be made. O A Accuracy O B. Presentation. C. Posting & summarization OD. Occurrence

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Understanding Financial Accounting

Authors: Christopher D. Burnley

3rd Canadian Edition

1119715474, 9781119715474

More Books

Students also viewed these Accounting questions

Question

define job satisfaction and job performance;

Answered: 1 week ago

Question

List the advantages and disadvantages of the pay programs. page 536

Answered: 1 week ago