Effective internal control requires a department to purchase supplies through a formal purchasing process.

Name: Effective internal control requires a department to purchase supplies through a formal purchasing process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Purchasing supplies through a formal purchasing process allows for proper documentation, approval, and verification of the purchase, which is essential for effective internal control. This process also helps to prevent fraud, errors, and waste in the use of organizational resources.

Effective Internal Control Requires a Department to Purchase Supplies Through