Question

Which of the following describes a weakness in accounts payable procedures? a) The accounts payable clerk files invoices and supporting documentation after payment. b) The accounts payable clerk manually verifies arithmetic on the vendor invoice. c) The accounts payable system compares the receiving report to the vendor invoice. d) The accounts payable manager issues purchase orders.

Answer 1

Answer: The correct answer is "d) The accounts payable manager issues purchase orders.".

Explanation: A member of a company cannot charge with 2 functions of authorization and maintenance of related records, that is to say it is incompatible because it should not have the possibility of committing errors or hiding frauds, in that case it would cause a weakness, that is why the authorization and the Maintenance of related records must be separate functions.