An accounts payable clerk also has access to the approved supplier master file for purchases. The control principle ofGroup of answer choicesestablishment of responsibility is violated.independent internal verification is violated.documentation procedures is violated.segregation of duties is violated.

When duties cannot be segregated, the most important internal control procedure isSelect one:a.independent verificationb.supervisionc.accounting recordsd.access controls

Two individuals at a retail store work the same cash register. You evaluate this situation asGroup of answer choicesa violation of segregation of duties.supporting internal independent verification.a violation of establishment of responsibility.supporting the establishment of responsibility.

The principle of establishing responsibility does not includeGroup of answer choicesone person being responsible for one task.approval of transactions.independent internal verification.authorization of transactions.

Allowing only the treasurer to sign checks is an example ofGroup of answer choicesestablishment of responsibility.segregation of duties.other controls.documentation procedures.

Select the correct alternative to complete the sentence pertaining to the revenue and receipts cycle. An Internal Sales Order is authorised by signature by the credit controller before being sent to the warehouse. The objective of this control is to ensure that ______.a.the sale is made to a customer who can pay their accountb.goods are indeed in stock to be despatchedc.the recording of incorrect or incomplete order details is preventedd.the sales order is acted upon timeously