This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A substantive test of transactions for acquisitions that would be used to provide evidence regarding ... (Read 84 times)

Adc3669

  • Full Member
  • ***
  • Posts: 148
on: Aug 21, 2022

Question 1

A key internal control over the acquisition cycle is to ensure that the company requires recording transactions as soon as possible after the goods and services have been received. This satisfies the transaction-related audit objective of
◦ accuracy.
◦ completeness.
◦ timing.
◦ occurrence.

Question 2

A substantive test of transactions for acquisitions that would be used to provide evidence regarding the occurrence assertion would be to
◦ compare the classification with the chart of accounts by referring to vendors' invoices.
◦ recompute the clerical accuracy on the vendors' invoices.
◦ review the acquisitions journal for large or unusual amounts.
◦ trace from a file of receiving reports to the acquisition journal.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Adc3669 on Aug 21, 2022

char00char

  • Full Member
  • ***
  • Posts: 173
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Adc3669

  • Member
  • Posts: 148
Reply 2 on: Aug 21, 2022
Gracias!

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Babinski Reflex Test Babinski Reflex Test
Experimental Evidence for Infrared Radiation Experimental Evidence for Infrared Radiation
To test for a leak, this tester was set to the 0.020 inch hole and turned on. The ball rose in the ... To test for a leak, this tester was set to the 0.020 inch hole and turned on. The ball rose in the ...
Evidence for the covalent intermediate in the mechanism of lysozyme Evidence for the covalent intermediate in the mechanism of lysozyme
Compression Test: Compression Gauge Compression Test: Compression Gauge
Mutagenicity of aflatoxin B1 determined by the Ames test Mutagenicity of aflatoxin B1 determined by the Ames test
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library