One way to prevent employee collusion with a dishonest vendor is to: Make sure the employee procuring the services is not the one issuing the payment not pay an invoice that lacks the ordering employee’s initials without finding out whether the services were performed or the goods received call the vendor—no matter how long you have been using it—if anything looks out of order all of the above
One way to prevent employee collusion with a dishonest vendor is to: Make sure the employee procuring the services is not the one issuing the payment not pay an invoice that lacks the ordering employee’s initials without finding out whether the services were performed or the goods received call the vendor—no matter how long you have been using it—if anything looks out of order all of the above
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 10CYBK
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One way to prevent employee collusion with a dishonest vendor is to:
- Make sure the employee procuring the services is not the one issuing the payment
- not pay an invoice that lacks the ordering employee’s initials without finding out whether the services were performed or the goods received
- call the vendor—no matter how long you have been using it—if anything looks out of order
- all of the above
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