This topic contains a solution. Click here to go to the answer

Author Question: Which of the following isnota key control in the acquisition and payment cycle? (Read 66 times)

ddddddddddeeee4444

  • Full Member
  • ***
  • Posts: 157

Question 1

Which of the following is a key internal control for the posting and summarization transaction-related audit objective?
◦ Batch totals are compared with computer summary reports.
◦ Documents are canceled.
◦ Dates are internally verified.
◦ The accounts payable master file contents are internally verified.

Question 2

Which of the following is not a key control in the acquisition and payment cycle?
◦ authorization of purchases
◦ authorization of credit
◦ timely recording and independent review of transactions
◦ authorization of payments


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ddddddddddeeee4444 on Aug 21, 2022

rika06@comcast.net

  • Full Member
  • ***
  • Posts: 161
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 39% of students answer this correctly




ddddddddddeeee4444

  • Member
  • Posts: 157
Reply 2 on: Aug 21, 2022
:D TYSM


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

For a complete list of videos, visit our video library