Match each term or phrase to the appropriate type of expenditure cycle control.

A) Input Controls

B) Process Controls

C) Access Controls

D) Physical Controls

E) Output Controls

- A. B. C. D. E.	Data Validation Controls are used to detect issues such as transcription errors.
- A. B. C. D. E.	Sequence Check Controls are used to compare the sequence of each record in a batch with the previous record to proper sorting.
- A. B. C. D. E.	Warehouse Security such as alarms, cameras, guards and locks are used to prevent unauthorized personnel from entering the warehouse.
- A. B. C. D. E.	Supervision of Receiving Department is used to ensure inspection of all goods received. Also, a blind PO is used to ensure goods are counted and pricing information is unavailable to receiving clerks.
- A. B. C. D. E.	AP Change Report summarizes the overall change to AP and this should reconcile to the total vendor invoices received total cash disbursements and the G/L.
- A. B. C. D. E.	Limit Checks are used to determine if a field exceeds an authorized limit.
- A. B. C. D. E.	A Valid Vendor File containing a list of vendors with whom the organization normally does business with is used to validate payments to vendors.
- A. B. C. D. E.	Use of indpendent Paymaster.
- A. B. C. D. E.	Reconcile the Purchase Order with the Receiving Report and the Supplier Invoice.
- A. B. C. D. E.	A list of all error records is sent to appropriate users to support corrections and resubmission.

A.	Physical Controls
B.	Process Controls
C.	Input Controls
D.	Access Controls
E.	Output Controls

Answer rating: 100% (QA)

Match each term or phrase to the appropriate type of expenditure cycle control A Input Controls B Process Controls C Access Controls D Physical Controls E Output Controls Answer Data Validation Contro... View the full answer