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The accounts payable department is responsible for processing payment of invoices for vendors. A number of internal controls should be in place to ensure that
The accounts payable department is responsible for processing payment of invoices for vendors. A number of internal controls should be in place to ensure that this department is not subjected to fraud schemes. Which do you consider the more significant step in establishing strong internal control over accounts payable transactions: (1) theapprovalof an invoice for payment or (2) theissuance of a checkin payment of an invoice?
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