Internal control activities within the purchasing process, identified as complete records and documents, would include which of the following? A. Files are to be maintained for purchase orders, receiving reports, and invoices. B. Periodic physical inventory counts are to be reconciled with the inventory ledger. C. Companies are to implement controls where the corresponding benefit exceeds the related cost. D. Missing some other information is required. Which of the following relationships does not violate the rules of segregation of duties? A. Credit authorization and preparation of the sales order. B. Enter sales order and sales invoice. C. Preparing goods for shipment and accounting for inventory. D. Review sales in the sales journal and handling the inventory. E. None of Above In order to ensure that all records are updated only for authorized transactions, appropriate individuals should be assigned all of the following duties, except: A. Opening and closing all bank accounts. B. Approving bank deposits. C. Approving the bank reconciliation D. Approving electronic transfers of funds. E. None of above The separation of the responsibility for the authorization of new customers form the inventory will help to minimize the related risk of: A. Invalid sales B. Fictitious customers C. Incorrect amounts D. Timing issues