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Which of the Following Errors Would Be Least Likely to Be

Question 15

Multiple Choice

Which of the following errors would be least likely to be discovered during the audit of the acquisitions and payments cycle?


A) Duplicate payment of a vendor's invoice.
B) Improper payments of officers' personal expenditures.
C) Payment of interest to a related party for an amount in excess of the going rate.
D) Payment for raw materials that were not received.

Correct Answer:

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