Question: Which control would most likely prevent the duplicate payment of a vendor s invoice? Group of answer choices Independent check Segregation of duties Vendor invoice,

Which control would most likely prevent the duplicate payment of a vendors invoice?
Group of answer choices
Independent check
Segregation of duties
Vendor invoice, payment voucher, and supporting documentation must be tagged or cancelled
Perform data analysis to identify duplicate payments over the past yea

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 Accounting Questions!

Q:

(10pt) Suppose that you know a MAC value X and the key K that was used to compute the MAC, but you do not know the original message. (a) (8pt) Show that you can construct a message M that also has...

Q:

Which control would most likely prevent the duplicate payment of a vendor's invoice? Vendor invoice, payment voucher, and supporting documentation must be tagged or cancelled Independent check...

Q:

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...

Q:

Answer the following questions by selecting the appropriate answer: 1 . Within cash disbursements, all of the following should be true before a check is prepared, except that: Choose...The purchased...

Q:

IV. Payroll Schemes 31. For a ghost employee scheme to be successful, all of the following must happen, EXCEPT: A. A fictitious person or a real person who does not work for the victim must be added...

Q:

Homework Question - Prepare an analysis of a casefrom Chapter 5, page # 121, '' A Wolf In Sheeps Clothing '' (no more than 2 or 3 pages, double spaced). And give an answer on following: - A summary...

Q:

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Q:

IDENTIFY THE FRAUD RISK FACTOR IN EACH OF THE FOLLOWING SITUATIONS: options are: a.OPPORTUNITY b.PRESSURE c.RATIONALIZATION 1.A worker feels that fellow employees are not honest. 2.The bookkeeper is...

Q:

Pinnacle Manufacturing: Part V In Part IV of this case study, you obtained an understanding of internal control and made an initial assessment of control risk for each transaction-related audit...

Q:

identify and explain five examples where executives or directors faced moral hazards and did not deal with them ethically globa ow ied on lendin to be applied on a gh ns nd ie asis The accounting...

Q:

Part 1: Here are 12 questions relating to the segment of the flowchart from the expenditure cycle on the previous page that are presented in a multiple-cholce format. Each question is worth one...

Q:

Do the following scenarios correctly describe income limitations on credits for the year tax 2020? Scenario 1- * Ahead of the household taxpayer has 3 qualifying dependents, ages 6, 9, and 19. *...

Q:

Dailey Company at December 31 has cash $40,000, noncash assets $200,000, liabilities $110,000, and the following capital balances: Dickinson $90,000 and Meierhoff $40,000. The firm is liquidated, and...

Q:

Which of the following is ( are ) true regarding a cash balance plan? a . Employee bears investment risk b . Each participant has a hypothetical account that the employer credits at least annually c...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....