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Author Question: Anong Mali is the purchasing manager at Wattana Technologies. She has responsibility for reviewing ... (Read 57 times)

ss2343

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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
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Marked as best answer by ss2343 on Apr 8, 2019

amynguyen1221

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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.
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ss2343

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Reply 2 on: Apr 8, 2019
:D TYSM

mohan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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