Final answer:
The control plan that uses records in the AP master data to give authorization to the cash disbursements computer program to make a payment is called Pre-Approvals. This control plan requires that any payment made is first approved by the appropriate personnel before it can be processed.
Step-by-step explanation:
The control plan that uses records in the AP master data to give authorization to the cash disbursements computer program to make a payment is called Pre-Approvals. This control plan requires that any payment made is first approved by the appropriate personnel before it can be processed.
For example, a payment voucher may need to be reviewed and signed by a supervisor or manager before it is considered valid for payment. This ensures that payments are properly authorized and helps prevent unauthorized or fraudulent payments.
Other control plans that may be used for payment voucher input validity include Separation of Duties, which divides the payment approval process among different individuals to provide checks and balances, and Document Matching, which compares the payment voucher to supporting documentation to verify its accuracy.