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The receiving clerk at Wattana Technologies examines incoming shipments and reconciles their ...

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The receiving clerk at Wattana Technologies examines incoming shipments and reconciles their ...

The receiving clerk at Wattana Technologies examines incoming shipments and reconciles their contents with the relevant purchase orders. A receiving report is then sent to accounts receivable and the vendor's invoice is approved for payment. Which of the following would correct control weaknesses related to these activities?

• Accounts payable should reconcile the purchase order and the receiving report.

• The invoice should be approved for payment by the shipping clerk after the purchase order and receiving report are reconciled.

• Invoices, purchase orders, and receiving reports should be reconciled by the receiving clerk.

• Controls are adequate under the current system.

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Accounting Information Systems

Edition: 14^th

Authors: Romney, Steinbart

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