Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?

A. Are an approved purchase requisition and a signed purchase order required for each purchase?

B. Are intact cash receipts deposited daily in the bank?

C. Are prenumbered purchase orders and receiving reports used and accounted for?

D. Are all goods received in a centralized receiving department and counted, inspected, and compared with purchase orders on receipt?

Question

Business

Wendy Schaefer

15 June, 02:51

Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?

A. Are an approved purchase requisition and a signed purchase order required for each purchase?

B. Are intact cash receipts deposited daily in the bank?

C. Are prenumbered purchase orders and receiving reports used and accounted for?

D. Are all goods received in a centralized receiving department and counted, inspected, and compared with purchase orders on receipt?

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Answers (1)

Know the Answer?

Jaidyn Vasquez · Answer 1

The question that is in appropriate is that are intact cash receipts deposited daily in the bank?

Explanation:

In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire

Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate