The AP application matches invoices, quantities, prices and terms when it performs the control plan:
A) independent validation of vendor invoices
B) match invoice, purchase order, and receiving report
C) independent authorization to make payment
D) reconcile input and output batch totals

Question

Quizplus · Accepted Answer

Matching the invoice to the purchase order and receiving report helps ensure that the goods or services were received and are being billed correctly. This step helps prevent fraudulent or inaccurate invoices from being paid. Independent validation of vendor invoices, independent authorization to make payment, and reconciling input and output batch totals are also important control activities, but they do not specifically match invoices to purchase orders and receiving reports.

The AP Application Matches Invoices, Quantities, Prices and Terms When