VIA Properly designed and utilized forms facilitate adherence to prescribed internal accounting control policies and procedures....

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VIA Properly designed and utilized forms facilitate adherence to prescribed internal accounting control policies and procedures. One such form might be a multicopy purchase order, with one copy intended to be mailed to the vendor. The remaining copies would ordinarily be distributed internally to various departments within the organization. The attached purchase order is currently being used by Omega Industrial Corporation. REQUIRED: (1) (2) Looking at the purchase order currently being used, what other necessary information would an auditor recommend be included on the purchase order that is not currently there? Use the attached form to record your answers. Using the attached answer sheet, what departments within the organization should receive copies of the purchase order? Explain the reason for your answer, looking at it from the perspective of internal control.order VIA Properly designed and utilized forms facilitate adherence to prescribed internal accounting control policies and procedures. One such form might be a multicopy purchase order, with one copy intended to be mailed to the vendor. The remaining copies would ordinarily be distributed internally to various departments within the organization. The attached purchase order is currently being used by Omega Industrial Corporation. REQUIRED: (1) (2) Looking at the purchase order currently being used, what other necessary information would an auditor recommend be included on the purchase order that is not currently there? Use the attached form to record your answers. Using the attached answer sheet, what departments within the organization should receive copies of the purchase order? Explain the reason for your answer, looking at it from the perspective of internal control.order

Answer rating: 100% (QA)

1 Additional Information for Purchase Orders Unique Purchase Order PO Number Explanation A unique identifier sequential or autogenerated allows for easy tracking of each purchase order This improves e... View the full answer