Final answer:
In the process of preparing a receiving report, the receiving department should inspect and approve quality, count the quantity received, and compare the report to the purchase order master data but not compare the vendor's packing slip to a copy of the purchase requisition.
Step-by-step explanation:
In the process of preparing a receiving report, the receiving department is responsible for confirming that the products delivered match those that were ordered. This involves several important tasks to ensure accuracy and quality in the inventory and purchasing process. These tasks include (A) inspecting and approving the quality of the items received; this ensures that the products meet the necessary specifications and are not defective. The next step is (C) counting the quantity received, to verify that the order was fulfilled correctly. Lastly, they are to (D) compare the completed receiving report to the information stored in the purchase order master data; this comparison confirms that what was ordered matches what was delivered in terms of item type, quantity, and other pertinent details.
However, it is not the receiving department's responsibility to (B) compare the vendor's packing slip to a copy of the purchase requisition. The purchase requisition is an internal document that initiates the purchase and is not typically involved in the receiving process. Instead, the packing slip should be compared to the purchase order, which is the official agreement between the buyer and seller detailing what should be delivered.