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 43 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
Great answer, keep it coming :)

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

GEN. BIO. TEST HELP [EMERGENCY] GEN. BIO. TEST HELP [EMERGENCY]
For the 2-year-old, encounters with peers provide valuable practice in communication and social ... For the 2-year-old, encounters with peers provide valuable practice in communication and social ...
The medical assistant will provide patient education regarding the daily use of diabetic glucose ... The medical assistant will provide patient education regarding the daily use of diabetic glucose ...
Performing the Trendelenburg’s test: Applying tourniquet Performing the Trendelenburg’s test: Applying tourniquet
Weber test Weber test
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Inflammation Animation

For a complete list of videos, visit our video library