Which inherent risk factors affect purchasing process


Response to the following questions:

1. List the key segregation of duties in the purchasing process. What errors or fraud can occur if such duties are not segregated?

2. List two inherent risk factors that directly affect the purchasing process. Why should auditors be concerned about issues such as the supply of raw materials and the volatility of prices?

If possible, please give examples to better understand your answers.

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Auditing: Which inherent risk factors affect purchasing process
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