When properly designed and completed, which of the following steps in the acquisition/payment process promote strong internal control: (i) authorize a purchase, (ii) receive goods and services?

Question

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Both steps of the acquisition/payment process promote strong internal control when properly designed and completed. Authorizing a purchase ensures that purchases are only made for necessary items and that the individuals responsible for making purchases have appropriate approval levels. Receiving goods and services ensures that items purchased were actually received and in good condition before payment is made, preventing fraudulent or unauthorized charges. Therefore, it is important to have proper procedures and documentation in place for both steps to maintain strong internal control.

When Properly Designed and Completed, Which of the Following Steps