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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    For Companies Using Electronic Data Interface (EDI), the Invoice Is
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For Companies Using Electronic Data Interface (EDI), the Invoice Is

Question 3

Question 3

True/False

For companies using Electronic Data Interface (EDI), the invoice is transmitted from the supplier electronically. EDI affects how the auditor evaluates audit evidence in this transaction cycle.

Correct Answer:

verifed

Verified

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