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Author Question: Internal controls that are likely to prevent the client from including as a business expense those ... (Read 6 times)

vowens

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on: Aug 21, 2022

Question 1

For effective internal control purposes, the accounts payable department generally should
◦ approve the purchase order.
◦ have the authority to sign the checks.
◦ establish the agreement of the vendor's invoice with the receiving report and purchase order.
◦ supervise the preparation of the receiving report.

Question 2

Internal controls that are likely to prevent the client from including as a business expense those transactions that primarily benefit management or other employees rather that the entity being audited satisfy the control objective that
◦ acquisitions are correctly valued.
◦ existing acquisitions are recorded.
◦ acquisitions are correctly classified.
◦ recorded acquisitions are for goods and services received.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by vowens on Aug 21, 2022

rika06@comcast.net

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Reply #1 on: Aug 21, 2022
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.
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vowens

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
Wow, this really help

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