The correct option is a. confirming inventory
Creating an approved vendor list - Procurement from approved vendor list is effective procedure for preventing procurment fraud, since the procurement is done from the approved vendor.
Reviewing monthly bank reconciliation - reviewing bank reconciliation ensure that proper payment is made to vendors against their Invoices. It play a role of cross checking of payment in their account.
Separating job responsibilities - is an effective procedure for preventing procurement fraud. Since it discourage the fraud.
Hence, confirming inventory is the least effective procedure for preventing procurement fraud.
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