Question

Which of the following questions is most likely to be found on an internal control questionnaire concerning a company's conversion processes?

a. are vendor invoices for materials purchases approved for payment by someone who is independent of the cash disbursement function?
b. are signed checks for materials purchased mailed promptly without being returned to the department responsible for processing the disbursement?
c. are approved requisitions required when materials are released from the company's warehouse into production?
d. are details of payments for materials balanced to the total posted to the general ledger?

Answer 1

The most likely question to be found on an internal control questionnaire concerning a company's conversion processes is whether approved requisitions are required when materials are released from the company's warehouse into production.

Step-by-step explanation:

The most likely question to be found on an internal control questionnaire concerning a company's conversion processes is:

c. Are approved requisitions required when materials are released from the company's warehouse into production?

This question focuses on the control and authorization of materials being released from the warehouse to ensure that only authorized materials are used in the production process. It helps to prevent unauthorized usage or theft of materials, ensuring accuracy in the conversion process.