Assigning purchasing, receiving, and paying for merchandise to one department or individual is a way to streamline a voucher system.

Question

Quizplus · Accepted Answer

Assigning all purchasing, receiving, and paying tasks to one department or individual increases the risk of fraud and errors. It is recommended to have separation of duties and multiple people involved in the voucher system to improve internal controls.

Assigning Purchasing, Receiving, and Paying for Merchandise to One Department