Identify two tests of controls that could be performed using computer-assisted audit techniques (CAATs) for purchase transactions.
Answer to relevant QuestionsList two substantive analytical procedures that can test accounts payable. What potential errors or fraud can be identified by each analytical procedure?1. In a properly designed accounts payable system, a voucher is prepared after the invoice, purchase order, requisition, and receiving report are verified. The next step in the system is a. Cancelation of the supporting ...You are engaged to perform an audit of the Giordani Corporation for the year ended December 31, 2013. You have decided to perform the following cutoff test for payables and accruals. Select all items greater than $ 25,000 ...List the key segregation of duties in the human resource management process. What errors or fraud can occur if such duties are not segregated?Multiple Choice1. During the year being audited, the Matthews Corporation changed from a system of recording time worked on clock cards to an IT payroll system in which employees record time in and out with magnetic cards. ...
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