Question Completion Status: A major risk exposure in the expenditure cycle is that accounts payable may be overstated at the end of the accounting year. True False QUESTION 14 Authorization for the payment of raw materials received is the responsibility of a inventory control b. purchasing O accounts payable od cash disbursements QUESTION 15 The periodic physical inventory is primarily used to help reduce the threat of ... Theft or loss of inventory b. Duplicate payments Late payments to vendors d. peor product design CS Scanned with CamScanner QUESTION 16