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 69 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
Wow, this really help

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

The Allen Test: Pallor is initiated by compressing the radial and ulnar arteries with the fist clenc The Allen Test: Pallor is initiated by compressing the radial and ulnar arteries with the fist clenc
Biceps Reflex Test Biceps Reflex Test
An example of an EHR screen used to order a laboratory test. An example of an EHR screen used to order a laboratory test.
Performing a Glycosylated Hemoglobin A1C Test Using a Bayer DCA Vantage Analyzer Performing a Glycosylated Hemoglobin A1C Test Using a Bayer DCA Vantage Analyzer
Use the test light to check for voltage at terminal 30 of the relay. The ignition may have to be in ... Use the test light to check for voltage at terminal 30 of the relay. The ignition may have to be in ...
The experimental design and results of Lester and Gorzalka (1988). On the third test, the female ... The experimental design and results of Lester and Gorzalka (1988). On the third test, the female ...
Video: Neural regulation of mechanical digestion- CNS voluntary, ANS & ENS controlled involuntary movements

For a complete list of videos, visit our video library