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Author Question: With respect to a small company's system of purchasing supplies, an auditor's primary concern should ... (Read 14 times)

Deej

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on: Aug 21, 2022

Question 1

Which one of the following duties should not be assigned to the purchasing department?
◦ finding the lowest cost vendor
◦ reviewing vendors' catalog descriptions and prices for standardized items
◦ designing the purchase order form
◦ authorizing the acquisition of goods

Question 2

With respect to a small company's system of purchasing supplies, an auditor's primary concern should be to obtain satisfaction that supplies ordered and paid for have been
◦ requested by and approved by the same individual.
◦ used in the course of business and solely for business purposes during the year under audit.
◦ received, counted, and checked to quantities and amounts on purchase orders and invoices.
◦ properly recorded as assets and systematically amortized over the estimated useful life of the supplies.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Deej on Aug 21, 2022

hvhf4k+549qz8f218jyo@shar

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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.
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Deej

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

jordangronback

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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