Answer:
b) an invoice approval initiates the recording of a purchase
Explanation:
A voucher system is used for the authorization of cash payments. Under such a system, a voucher is prepared stating what item is to be purchased, the account which would be charged and the amount of purchases.
Internal controls refer to the system of prevention and detection of frauds and misstatements by the management of an entity to ensure integrity of financial records and transactions.
A voucher system is one of the means of implementing internal controls whereby every purchase can only be processed by sanction of an authority who is authorized to pass the purchase. The voucher issuer and authorizing authority are of course different to ensure independence.
Answer:
Threat assessment includes in depth analysis of a risk occurence and its impact on the organization, both in financial and non financial aspects are considered.
Explanation:
The last questions listed is relevant to threat assessment because threat assessment is acknowledging what impact a particular outcome poses on the organization operations or organization as a whole. Whereas the first question was of risk management procedure which talks about how a risk must be mitigated to make ensure a safe future of the organization.
Answer:
Bond M= $21,914.32.
Bond N= $6,131.14
Explanation:The price of any bond (or financial instrument) is the PV of the future cash flows. Even though Bond M makes different coupons payments,to find the price of the bond,we just find PV for the cash flows
