To deter kickback schemes, an organization should implement which of following procedures?
A) Separate the purchasing, authorization, and cash disbursements functions.
B) Track purchase levels by vendor.
C) Compare the prices paid for goods and services to market rates.
D) All of the above

Question

Quizplus · Accepted Answer

Separating the purchasing, authorization, and cash disbursements functions helps to prevent any single person from having too much control over the purchasing process and the release of funds. Tracking purchase levels by vendor can help detect any unusual or excessive purchases from a single vendor, which could indicate a kickback scheme. Comparing prices paid for goods and services to market rates helps ensure that the organization is not overpaying for goods and services, which could also be a sign of a kickback scheme. Therefore, all of the above procedures should be implemented to deter kickback schemes.

To Deter Kickback Schemes, an Organization Should Implement Which of Following