Multiple Choice
An internal control narrative indicates that an approved voucher is required to support every check request for payment of merchandise.Which of the following procedures provides the greatest assurance that this control is operating effectively?
A) Select and examine vouchers and ascertain that the related canceled checks are dated no later than the vouchers.
B) Select and examine vouchers and ascertain that the related canceled checks are dated no earlier than the vouchers.
C) Select and examine canceled checks and ascertain that the related vouchers are dated no earlier than the checks.
D) Select and examine canceled checks and ascertain that the related vouchers are dated no later than the checks.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: A major concern of the auditors is
Q19: Which of the following audit procedures is
Q20: When an auditor finds a debit to
Q21: The accounts payable department receives the purchase
Q22: Which statement is correct with respect to
Q24: To avoid potential errors and fraud a
Q25: Which of the following procedures for detecting
Q26: The confirmation of existing accounts payable proves
Q27: The auditors' search for unrecorded liabilities is
Q28: It is less important to maintain effective