An important control in the accounts payable and information systems departments is to require that those personnel who record acquisitions do not have access to
A)lists of vendors' names and addresses.
B)cash,marketable securities,and other assets.
C)vendors' price lists.
D)the accounts payable master file.

Question

Quizplus · Accepted Answer

Separating the duties of recording acquisitions from the access to cash, marketable securities, and other assets helps prevent fraud and errors by ensuring that the person who records transactions does not have the ability to manipulate or misappropriate assets.

An Important Control in the Accounts Payable and Information Systems