Question: Explain what a three - way match means in the payments processes and discuss its importance in risk mitigation. Is this control manual or automated?

Explain what a three-way match means in the payments processes and discuss its importance in risk mitigation. Is this control manual or automated?
B
I
u
T2
T2
Ix
oWord(s)
Explain what a three-way match means in the payments processes and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $26,300 17,100 Accounts Receivable Prepaid Insurance Land 15,400 165,000...

Q:

Explain what a three - way match means in the payments processes and discuss its importance in risk mitigation. Is this control manual or automated?

Q:

Lucille Jenkins, the CEO for the Durham International Manufacturing Company (DIMCO), believes that the company can significantly increase its operating profit by implementing supply chain management....

Q:

Lucille Jenkins, the CEO for the Durham International Manufacturing Company (DIMCO), believes that the company can significantly increase its operating profit by implementing supply chain management....

Q:

Lucille Jenkins, the CEO for the Durham International Manufacturing Company (DIMCO), believes that the company can significantly increase its operating profit by implementing supply chain management....

Q:

A disgruntled terminated amployee can resort to sabotaging the computerized accounting records and reports. This can be construed as data theft Role based access control is a better method of multi...

Q:

You are a staff auditor performing financial statement audit work. In preparation for the annual financial statement audit by your accounting firm. I Love Auditing LLP, you've been asked by the...

Q:

Company Z currently has 25 suppliers that provide it with ram.r materials and components for its manufacturing process. Company Is management is considering implementing a stronger system of controls...

Q:

ENTERPRISE RISK MANAGEMENT ENTERPRISE RISK MANAGEMENT (ERM) ERM forms an important element of organizational management and provisioning of consolidated services. The effective deployment of...

Q:

I was wondering if Scenerio 1 activies #1-4 from this article could be answered. Need Help. CASES: CASE 1 AUDITING ENTITY-LEVEL CONTROLS Learning Objectives Describe why entity-level controls are a...

Q:

I was wondering if Scenerio 1 activies #1-4 from this article could be answered. Need Help. CASES: CASE 1 AUDITING ENTITY-LEVEL CONTROLS Learning Objectives Describe why entity-level controls are a...

Q:

The rising prices of fresh fruit and vegetables is another related issue that is currently receiving a lot of media attention. The lack of backpackers to work on farms, adverse weather conditions,...

Q:

In the 1990s, it was generally believed that genetic abnormalities affected about 6% of a large nation's children. Some people believe that the increase in the number of chemicals in the environment...

Q:

4. Discuss at least two situations in which estimates could affect the usefulness of information in the statement of financial position.

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...