The following set of items describes activities completed by a company in purchasing and paying for merchandise.For each activity,identify whether or not the activity adheres to or violates sound internal control procedures.
- Although the department supervisor can indicate a preferred supplier or vendor on purchase requisitions,the purchasing department has the responsibility for making the final decision on a vendor.
A)Adheres to sound internal control procedures
B)Violates sound internal control procedures
C)Neither strengthens nor violates internal control

Question

Quizplus · Accepted Answer

This activity adheres to sound internal control procedures because it ensures that the purchasing department, which is responsible for ensuring the quality and price of purchased goods, makes the final decision on a vendor. This helps ensure that the company receives the best possible value for their purchases.

The Following Set of Items Describes Activities Completed by a Company