The internal control that requires "approval of acquisitions at the proper level" satisfies the objective of
A)occurrence.
B)completeness.
C)accuracy.
D)posting and summarization.

Question

Quizplus · Accepted Answer

The internal control that requires approval of acquisitions at the proper level ensures that the occurrence objective is satisfied, as it verifies that all purchases made by the company are legitimate and authorized.

The Internal Control That Requires "Approval of Acquisitions at the Proper