One of the ways to prevent the use of fictitious suppliers to steal company funds is by
A) having adequate network access controls to prevent unauthorized access to transaction files.
B) ensuring that accounts payable programs are available only in source code.
C) having software automatically check for duplicate invoice numbers before payment.
D) having authorized personnel carefully scrutinize documentation supporting payments.

Question

Quizplus · Accepted Answer

Having authorized personnel carefully scrutinize the supporting documentation before payment is the best way to prevent the use of fictitious suppliers to steal company funds. This ensures that every payment is made to legitimate suppliers only, and that the documentation is genuine and accurate. While the other options listed may also be helpful in preventing fraud, they are not as effective as having human oversight and scrutiny of payment documentation.

One of the Ways to Prevent the Use of Fictitious