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Which of the situations in the purchasing process

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Problem 1: Which of the following situations in the purchasing process creates the highest risk of fraud by making payments to a fictitious supplier?

Multiple Choice

Option 1: New supplier authorization in the purchasing system can be set up by anyone in the accounting department.

Option 1: The company has a comprehensive code of ethical conduct that all employees must sign.

Option 1: The system automatically conducts independent credit checks of new suppliers.

Option 1: All supplier payments are made by electronic funds transfers.

 

Reference no: EM132716351

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