Multiple Choice
Tests of controls for the occurrence assertion for purchases include all of the following except:
A) evaluating proper segregation of duties.
B) testing a sample of vouchers for an authorized purchase order.
C) testing a sample of vouchers for matching receiving reports.
D) tracing a sample of vouchers to purchases journal.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Assertions about account balances at the period
Q15: Describe three categories of expenses outlined in
Q16: A voucher:<br>A)is a bill from the vendor.<br>B)is
Q17: Which of the following tests of details
Q18: Which of the following procedures would an
Q20: Accounts payable confirmations are used less frequently
Q21: If payables turnover has increased significantly since
Q22: Which of the following questions would most
Q23: An auditor compares information on canceled checks
Q24: Match the test of controls described below