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Identify the threats and the adequate controls in the expenditure cycle 1- A fictitious invoice is received and check is issued to pay for goods

Identify the threats and the adequate controls in the expenditure cycle

1- A fictitious invoice is received and check is issued to pay for goods that were never ordered or delivered

2- a purchase requisition form is prepared and sent to the purchasing department. Upon receiving a purchase requisition, the purchasing agent directly selected the appropriate supplier by searching the various catalogs on file, then, they phone the supplier, requests a piece quote and place a verbal order

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