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NEW QUESTION: 1
For proper investigative methods to be valid, they must:
A. All of the above
B. Be a standard method
C. Be replicatable
D. Adhere to best practice
Answer: C

NEW QUESTION: 2
During the development of a purchasing system, an auditor reviewed the payment authorization program. Which of the following actions should the auditor recommend for a situation in which the quantity invoiced is greater than the quantity received?
A. Return the invoice to the vendor for correction.
B. Issue an exception report.
C. Pay the amount billed and adjust the inventory account for the difference.
D. Authorize payment of the full invoice, but maintain an open purchase order record for the missing goods.
Answer: B

NEW QUESTION: 3
Which of the following statements concerning certain types of property interests is (are) correct?
1.The person or entity who has title to the property is the legal owner of the property.
2.The person who has the right to all income earned on the property is the beneficial or equitable owner of the property.
A. 1 only
B. Both 1 and 2
C. Neither 1 nor 2
D. 2 only
Answer: B