This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Anong Mali is the purchasing manager at Wattana Technologies. She has responsibility for reviewing ... (Read 81 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Apr 8, 2019

Question 1

What control should be put in place that assigns responsibility for EFT payments made to vendors?
◦ Encrypt all EFT transmissions.
◦ Time stamp all EFT transactions.
◦ Establish a control group to monitor EFT transactions for validity and accuracy.
◦ Number all EFT transactions.

Question 2

Anong Mali is the purchasing manager at Wattana Technologies. She has responsibility for reviewing and authorizing purchase orders. She also reviews receiving reports, approves or corrects them, and authorizes the cashier to pay vendor invoices. Which of the following would correct control weaknesses related to these activities?
◦ Controls are adequate under the current system.
◦ Vendor invoices should be reviewed by accounts receivable and then cancelled when paid.
◦ Vendor invoices should be reviewed by the purchasing manager to ensure that they are correct.
◦ Accounts payable should reconcile purchase orders, receiving reports, and invoices.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ss2343 on Apr 8, 2019

amynguyen1221

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Apr 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ss2343

  • Member
  • Posts: 548
Reply 2 on: Apr 8, 2019
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

A comparison of electron and light microscope technologies A comparison of electron and light microscope technologies
Part A - Reviewing independent assortment of alleles Part A - Reviewing independent assortment of alleles
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Green technologies Green technologies
Active solar technologies use for heat, cool, and produce electricity Active solar technologies use for heat, cool, and produce electricity
Manage First: Inventory and Purchasing Manage First: Inventory and Purchasing
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library