An organization allows the same individual to physically access inventory and purchase new assets when supplies are depleted. Which of the following would best help the organization manage the risk of fraud?
A.
Accounting personnel should regularly perform a reconciliation between invoices and purchase orders.
B.
Accounting personnel should conduct a periodic inventory count and reconcile all inventory movements.
C.
Internal auditors should review the frequency and volume of purchased assets to detect trends in the inventory levels.
D.
Management should establish a policy requiring new inventory asset purchases to be made on serialized order forms with copies retained.
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