which of the following poses an internal control problem? group of answer choices physical inspection of inventory quantity and condition is outsourced to a firm that specializes in this service. products are released from inventory after a warehouse employee and a shipping clerk both sign the pick list. sales representatives have authority to increase customers' credit limits in $1,000 increments. when customer payments are received in the mail, checks are sent to the cashier's office and remittance advices are sent to the accounts receivable department.

The concept mentioned here's Internal Control. The answer is, option C, sales representatives have the authority to increase customers' credit limits in $10,000 increments.

Internal controls are counting and auditing processes used in a company's finance department that insure the integrity of financial reporting and nonsupervisory compliance. Internal controls help companies to comply with laws and regulations and help fraud.

They also can help ameliorate functional effectiveness by ensuring that budgets are adhered to, programs are followed, capital shortages are linked, and accurate reports are generated for leadership. These internal controls can insure compliance with laws and regulations as well as accurate and timely financial reporting and data collection.

They help to maintain functional effectiveness by relating problems and correcting setbacks before they're discovered in an external inspection.

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