Multiple Choice
Which of the following is the best control procedure to prevent the payment of an invoice twice?
A) Review of supporting documentation by the person signing the check.
B) Requiring dual signatures on checks.
C) Use of a check protector.
D) Reconciliation of vendor statements to accounts payable.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Which of the following best describes the
Q36: The auditors may decide to confirm accounts
Q37: Which of the following best describes the
Q38: Accrued liabilities generally differ from accounts payable
Q39: An auditor wishes to perform tests of
Q41: Auditors should be aware that a voucher
Q42: Unrecorded liabilities are most likely to be
Q43: Information regarding the proper cutoff of accounts
Q44: When the auditors select a sample from
Q45: Based on the company and its environment,including