Question: Next, you will find an internal control associated with some audit cycle of the financial statements that the auditors identified for one of their clients.

Next, you will find an internal control associated with some audit cycle of the financial statements that the auditors identified for one of their clients. Indicate the control activity that is being considered in this case.

"Merchandise receipt reports (receiving reports) are prenumbered and checked daily to determine that they have been generated correctly."

a. independent check on performance

b. adequate documents and records

c. proper authorization of transactions and activities

d. adequate separation of duties

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