Which of the following would most likely be an internal control activity de- signed to detect errors

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Which of the following would most likely be an internal control activity de- signed to detect errors and fraud concerning the custody of inventory?

a. Periodic reconciliation of work in process with job cost sheets.

b. Segregation of functions between general accounting and cost accounting.

c. Independent comparisons of finished goods records with counts of goods on hand.

d. Approval of inventory journal entries by the storekeeper.

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Auditing And Assurance Services

ISBN: 9780073527086

7th Edition

Authors: William MessierSteven Glover

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Question Posted: May 07, 2024 07:00 AM

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Which of the following would most likely be an internal control activity de- signed to detect errors

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Auditing And Assurance Services

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