19. Which of the following would be least likely to address control over the initiation and execution of equipment transactions? Group of answer choices Requests for purchases of equipment are reviewed for consideration of soliciting competitive bids Procedures exist to restrict access to equipment Requests for major repairs are approved by a higher level than the department initiating the request Prenumbered purchase orders are used for equipment and periodically accounted for
19. Which of the following would be least likely to address control over the initiation and execution of equipment transactions? Group of answer choices Requests for purchases of equipment are reviewed for consideration of soliciting competitive bids Procedures exist to restrict access to equipment Requests for major repairs are approved by a higher level than the department initiating the request Prenumbered purchase orders are used for equipment and periodically accounted for
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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19.
Which of the following would be least likely to address control over the initiation and execution of equipment transactions?
Group of answer choices
Requests for purchases of equipment are reviewed for consideration of soliciting competitive bids
Procedures exist to restrict access to equipment
Requests for major repairs are approved by a higher level than the department initiating the request
Prenumbered purchase orders are used for equipment and periodically accounted for
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