Question
Henry Co. implemented a system of internal controls to help with cash disbursements. Which of the following would best ensure that only items that have
Henry Co. implemented a system of internal controls to help with cash disbursements. Which of the following would best ensure that only items that have been received are paid for?
A. The CEO authorizes all purchases
B. Warehouse employees sign the shipping order received with merchandise indicating any discrepancies
C. Accounts payable employees pay all invoices received within 3 working days
D. None of the above
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Step: 1
Warehouse employees sign the shipping orde...
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
