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Financial Accounting

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Internal Control Objectives and Violations

FINACT-D3FWMR

Which of the following situations leads to violation of the accuracy objective?

A

The accounts payable manager does not approve the purchase order. However, it is processed and paid.

B

The credit manager receives credit history of a long term customer after making credit decision.

C

The sales clerk enters the sales order. After the order is processed, the sales clerk realizes the customer number entered belongs to another customer.

D

The CEO receives last quarter’s sales results instead of the current quarter’s sales results.