For good internal control,the purchasing agent should neither receive the goods nor approve the payment.

Name: For good internal control,the purchasing agent should neither receive the goods nor approve the payment.
Brand: Quizplus
Rating: 4.7 (29 reviews)

Question

Quizplus · Accepted Answer

Separation of duties is a key element of internal control. The purchasing agent should not have control over both the receiving of the goods and the processing of the payment to ensure that there is no opportunity for fraud or errors to occur.

For Good Internal Control,the Purchasing Agent Should Neither Receive the Goods