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A Company's Internal Control System Requires That an Approved Payables

Question 23

Multiple Choice

A company's internal control system requires that an approved payables voucher, supported by a purchase order and a receiving report accompany every cheque requisition.To determine whether cheques are being issued for unauthorized expenditures, an auditor is most likely to select items for testing from the population of all


A) Purchase orders.
B) Cancelled cheques.
C) Receiving reports.
D) Approved vouchers.

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