In the procurement process which of the following controls would the auditor determine to be key controls?
A) Only authorised goods are purchased from authorised vendors.
B) Payments are made in a timely fashion.
C) All purchases are recorded in a timely fashion and are appropriately classified.
D) All of these choices.

Question

Quizplus · Accepted Answer

Key controls in the procurement process include ensuring that only authorized goods are purchased from authorized vendors, payments are made in a timely manner, and all purchases are recorded promptly and classified correctly. These controls help in preventing fraud, ensuring financial accuracy, and maintaining operational efficiency.

In the Procurement Process Which of the Following Controls Would