From the list, select the type of audit evidence used for each of the procedures in the
Question:
From the list, select the type of audit evidence used for each of the procedures in the table. Note that a selection may be used not at all or more than once.
(1) Inspection
(2) Recalculation(3) Analytical procedures
(4) Reperformance
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Type of Audit Evidence Procedure Vouch the transaction to the voucher package that includes the matched receiving report, purchase order, and vendor invoice. Verify that the purchase order was approved by an authorized purchasing agent. Verify that the initials of the accounts payable clerk are present, indicating that the documents have been appropriately matched and that amounts on the vendor invoice were verified. Recalculate the invoice amount and compare the dollar amounts per the invoice to the amount recorded in the acquisitions journal. Examine whether the transaction was recorded to the corect vendor in the accounts payable master file. Determine if the transaction was recorded in the correct month, based on when the goods were received and the terms of the transaction. Review the chart of accounts to determine if the transaction was charged to the appropriate general ledger account.
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Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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