Solved

Match the Test of Controls Below to the Appropriate

Question 31

Matching

Match the test of controls below to the appropriate assertion it is used to test.

Premises:
Cutoff
Accuracy
Authorization
Occurrence
Classification
Completeness
Responses:
Compare the dates on the receiving reports with the dates of the relevant vouchers
Review monthly bank reconciliations
Review client's competitive bidding procedures
Test a sample of vouchers for the presence of authorized purchase order and receiving report
Trace a sample of receiving reports to their respective vendor invoices and vouchers
Review the cash disbursements journal for reasonableness of account distribution

Correct Answer:

Cutoff
Accuracy
Authorization
Occurrence
Classification
Completeness
Related Questions

Q5: A receiving report is used to document

Q10: Identify whether the following tests are substantive

Q20: Accounts payable confirmations are used less frequently

Q27: Match the test of controls described below

Q29: A debit memo<br>A) Reduces the amount of

Q34: The audit procedures used to verify accrued

Q49: Which of the following describes a temporary

Q62: The principal business objectives of the purchasing

Q63: Which of the following is the most

Q65: Tests designed to detect purchases made before