For good internal control, which of the following duties can be performed by the same individual? 1.

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For good internal control, which of the following duties can be performed by the same individual?

1. Approve purchase orders

2. Negotiate terms with suppliers

3. Reconcile the organization’s bank account

4. Approve supplier invoices for payment

5. Cancel supporting documents in the voucher package

6. Sign checks

7. Mail checks

8. Request inventory to be purchased

9. Inspect quantity and quality of inventory received


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Accounting Information Systems

ISBN: 978-0133428537

13th edition

Authors: Marshall B. Romney, Paul J. Steinbart

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