In a test of controls, auditors may trace receiving reports to vouchers recorded in the voucher register.
Question:
In a test of controls, auditors may trace receiving reports to vouchers recorded in the voucher register. This is a test for
a. Occurrence.
b. Completeness.
c. Classification.
d. Cutoff.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
a Incorrect Testing occurrence would require vouching from the vouchers recorded in the voucher ...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
In performing a test of controls for sales order approvals, the CPAs stipulate a tolerable deviation rate of 8 percent with a risk of assessing control risk too low of 5 percent. They anticipate a...
-
In a test of rocket propellant performance, liquid hydrazine (N2H4) at 100 kPa, 25C, and oxygen gas at 100 kPa, 25C, are fed to a combustion chamber in the ratio of 0.5 kg O2/kg N2H4....
-
In a test of a gas-turbine combustor, saturated-liquid methane at 115 K is to be burned with excess air to hold the adiabatic flame temperature to 1600 K. It is assumed that the products consist of a...
-
58. HarperMotors sells 40 cars per month at an average price of $25,000. Thecarrying cost per car is $160 and the fixed order cost is $695. Howmany orders should the company place per year? 2 answers
-
Let ( = {1, 2, 3, 4}, let C = {(, {1, 2},{1, 2},{2, 4},{ 3, 4}, (, and define on C as follows: ({1, 2}) = ({1, 3}) = ({1, 4}) = ({3, 4}) = 3, (() = 6, (() = 0. Next, on P((), define the...
-
A point source emits 30.0 W of sound isotropically. A small microphone intercepts the sound in an area of 0.750 cm2, 200 m from the source. Calculate (a) The sound intensity there and (b) The power...
-
What are the primary advantages of resolving a case through alternative dispute resolution methods rather than going to trial? In what situations might a trial be preferable?
-
The following information pertains to Boone Company for 2009. Beginning inventory 70 units @ $26 Units purchased 280 units @ $30 Ending inventory consisted of 30 units. Boone sold 320 units at $40...
-
1. 2. 3. 4. 5. At critical condition of temperature and pressure for a real gas, what would be the value of 16 Z? Here, Z is its compressibility factor. of species whose In the following list of...
-
You borrow $10,000 at 14 percent compound annual interest for four years. The loan is repayable in four equal annual installments payable at the end of each year. a) What is the annual payment that...
-
When auditing account balances of liabilities, auditors are most concerned with managements assertion about a. Existence. b. Rights and obligations. c. Completeness. d. Valuation and allocation.
-
A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows: Employee Responsibility Clerk 1 ...........Reviews vendor invoices for proper signature...
-
Modify the craps program of Fig. 5.8 to allow wagering. Initialize variable bankBalance to 1000 dollars. Prompt the player to enter a wager. Check that wager is less than or equal to bankBalance, and...
-
The last dividend paid by Wilden Corporation was $4.00. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever....
-
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $380,000 per quarter. For financial reporting...
-
A dog is playing in a swamp as shown in the diagram. She runs at 6 m/s in the swamp (anywhere except the road) and 6.5 m/s on the road. She got hungry and decided to return home imminently. What is...
-
The Ramirez Company's last dividend was $1.75. Ramirez's dividend growth rate is expected to be constant at 25% for 2 years, after which dividends are expected to grow at a rate of 6% forever....
-
Wildhorse Company reported retained earnings at December 31, 2021, of $306,500. Wildhorse had 196,500 shares of common stock outstanding at the beginning of 2022. The following transactions occurred...
-
The late Thomas McCraw of the Harvard Business School once wrote, Throughout American history, entrepreneurs have tried, sometimes desperately, to create big businesses out of naturally small-scale...
-
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
-
Ashley Madison.com is known as an "infidelity website." The site, owned by Avid Dating Life, Inc., has as its motto, "Life is short. Have an affair." Its motto gives fairly clear insight into its...
-
The following situations represent errors and frauds that could occur in financial statements. Required: State how the ratio in question would compare (higher, equal, or lower) to what the ratio...
-
The enterprise risk management (ERM) framework was developed by COSO to provide managers a formalized methodology to evaluate risk in their businesses. Required: Explain how management would use the...
-
Audit Strategy Memorandum. The auditor should establish an overall audit strategy that sets the scope, timing, and direction of the audit and guides the development of the audit plan. In establishing...
-
Describe the process of depth-first search (DFS) and provide a Python implementation to traverse a graph using DFS.
-
A number like 197 is called a **Fare prime** because when all of its digits are rotated (197, 971 and 719), each new number is also prime. Help me a code that can find all fare primes up to a...
-
Required: 1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system. Merchandise...
Study smarter with the SolutionInn App