Which of the following questions is most likely to be found on an internal control questionnaire concerning a company's conversion processes?
A)Are vendor invoices for materials purchases approved for payment by
B)Are signed checks for materials purchased mailed promptly without being returned to the department responsible for processing the disbursement?
C)Are approved requisitions required when materials are released from the company's warehouse into production?
D)Are details of payments for materials balanced to the total posted to the general ledger?

Question

Quizplus · Accepted Answer

The question about approved requisitions being required when materials are released from the company's warehouse into production is the most relevant to internal control in the conversion process. This ensures that proper authorization is given for the use of materials and helps prevent fraud or errors in the conversion process. The other options may be relevant to internal control in other areas of the business, but not specifically in the conversion process.

Which of the Following Questions Is Most Likely to Be