Material weakness in internal control over acquisition


Which of the following situations indicates a potential material weakness in internal control over acquisition and expenditure?

A. Purchase orders are not prepared for services acquired directly under authorization of department heads.

B. Voucher packages are authorized and checks are signed by the same person.

C. Unacceptable goods are not scheduled on receiving reports.

D. The same person signs checks and stamps vouchers "paid."

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Accounting Basics: Material weakness in internal control over acquisition
Reference No:- TGS095795

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