Which of the following is not a reason why companies should prepare receiving reports They reduce the risk that goods will be purchased on behalf of the Company for personal use by employees.

d

They help prevent paying for goods which arrived in damaged condition.

e

They create an audit trail that bridges the purchasing and cash disbursements cycles.

a

They help to ensure that only authorized goods are received by the Company.

b

They provide assurance to the vendor that all goods were received in good condition.

c

All of the above choices are reasons why a company should prepare audit reports.