Which of the following is the appropriate point at which the auditor deems authorization to be critical?
A)
Credit granting Price authorization Shipment of goods
Yes Yes Yes
B)
Credit granting Price authorization Shipment of goods
Yes No Yes
C)
Credit granting Price authorization Shipment of goods
No Yes No
D)
Credit granting Price authorization Shipment of goods
Yes No No
A
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Claiming personal travel as a business expense, a personal lunch as a business lunch, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipt is an example of which of the following?
a. a billing scheme b. a payroll disbursement scheme c. a register disbursement scheme d. an expense reimbursement scheme
In a(n) __________ listing, the listing broker will receive a commission only if he or she procures a ready, willing, and able buyer
a. exclusive b. open c. net listing d. broker