Purchases, Payable & Payments Process: An internal control questionnaire for purchases and accounts payable could include some of the following questions, indicated as [1] through [10]. CONTROL OBJECTIVE: [A] Environment [B) Validity [C] Completeness [D] Authorization (E] Accuracy [F| Classification [G] Proper period For each of the following internal control questions, identify the appropriate control objective. Record your response as follows: [1] indicate the appropriate letter [A), [B], (C), (D], (E), (F), or [G] (2] indicate the appropriate letter (A). (B|, (C), (DI, (EJ, (F], or [G| (3] indicate the appropriate letter [A), (B), [C], [D), (E), (F], or [G| and so on for Internal Control Questions [4], [5], [6], [71. (8],. [9], and [10]

INTERNAL CONTROL QUESTIONS: [1] Are receiving reports pre-numbered and accounted for? (2] Are all purchases orders supported by properly approved purchase requisitions? (3] Are vendors' invoices listed immediately upon redeipt? [4] Are vendors' invoices matched against purchase orders and receiving reports before a liability is recorded? (5] Is the purchasing department independent of the accounting, receiving, and shipping departments? [6] Are vendors' invoices checked against purchase orders and receiving reports for quantities, prices, and terms? 7] Does the accounting procedures manual require that transactions be recorded on the date that goods and services are received? [8] Are all goods returned to vendors supported by properly approved shipping documents? [9] Is the chart of accounts adequate? [10] Are vouchers and attached documents cancelled after being recorded?