In the second scenario illustrating the need for controls, an accounts payable clerk uses the system to

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In the second scenario illustrating the need for controls, an accounts payable clerk uses the system to write checks to suppliers. Based on the information in the chapter, what kinds of controls would you implement to ensure that checks are written only to valid suppliers, that checks are written for the correct amount, and that all payouts have the required authorization? How would you design the controls if different payment amounts required different levels of authorization?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Systems analysis and design in a changing world

ISBN: 978-1423902287

5th edition

Authors: John W. Satzinger, Robert B. Jackson, Stephen D. Burd

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