Vendor invoices are recorded for items that were never ordered by the company. Which of the following controls can best address this issue? O Procedures for rejected inputs O Reconcile bank account O Independent authorization to make payment Independent validation of vendor invoices

Vendor invoices are recorded for items that were never ordered by the company. Which of the following controls can best address this issue? O Procedures for rejected inputs O Reconcile bank account O Independent authorization to make payment Independent validation of vendor invoices

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter8: Financial Reporting And Management Reporting Systems

Section: Chapter Questions

Problem 2MCQ

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Concept explainers

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.

Question

Vendor invoices are recorded for items that were never ordered by the company. Which of the following controls can best
address this issue?
O Procedures for rejected inputs
O Reconcile bank account
O Independent authorization to make payment
Independent validation of vendor invoices

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