Question
Many companies use the computer to generate purchase orders. Who is responsible for authorizing a purchase when the computer generates the purchase order? How does
Many companies use the computer to generate purchase orders. Who is responsible for authorizing a purchase when the computer generates the purchase order? How does the responsible individual ensure that computer-generated orders are correct and are generated only for purchases that should be made? Explain how an automated matching process works with the processing and payment of accounts payable. What controls need to be implemented in the automated matching process to ensure that only authorized payments are made for goods and services actually received, and that payments are made at the authorized prices?
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