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.
Catalase Test
Pregnancy test
Testing coordination by using the finger-to-finger test
Allen’s test
Data for a Hypothetical Paternity Test Using 13 CODIS Genes