The statement that all purchase orders must be supported by properly approved purchase requisitions is a specific example of which general objective?
A)completeness
B)valuation
C)authorization
D)classification

Question

Quizplus · Accepted Answer

The statement refers to the authorization objective, which ensures that all transactions are properly authorized before they are executed. It is important to have purchase requisitions approved before creating purchase orders to ensure that the company only incurs expenses that are necessary and authorized, and to prevent unauthorized transactions.

The Statement That All Purchase Orders Must Be Supported by Properly