To streamline a voucher system, procedures for purchasing, receiving, and paying for merchandise can be performed by one department or individual.

Question

Quizplus · Accepted Answer

Streamlining a voucher system by having one department or individual perform all procedures for purchasing, receiving, and paying for merchandise increases the risk of fraud and errors, as it lacks proper segregation of duties which is essential for internal control.

To Streamline a Voucher System, Procedures for Purchasing, Receiving, and Paying