30. While auditing the Accounts Payable records, the auditor discovers an entry for Coffee Emporium with...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
30. While auditing the Accounts Payable records, the auditor discovers an entry for Coffee Emporium with an address of 809 Main St., St. Louis MO and another entry for Coffee Emporium with an address of 809 Main Street, St. Louis MO. Each entry has a different vendor number. Which of the following statements is false? * (1 Point) Data was entered into the database incorrectly. The onscreen form for entering vendor O information correctly performed data validation. The database views these as two separate accounts. 30. While auditing the Accounts Payable records, the auditor discovers an entry for Coffee Emporium with an address of 809 Main St., St. Louis MO and another entry for Coffee Emporium with an address of 809 Main Street, St. Louis MO. Each entry has a different vendor number. Which of the following statements is false? * (1 Point) Data was entered into the database incorrectly. The onscreen form for entering vendor O information correctly performed data validation. The database views these as two separate accounts.
Expert Answer:
Answer rating: 100% (QA)
The statement that is false is b The onscreen form for entering vendor information c... View the full answer
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date:
Students also viewed these accounting questions
-
Which of the following statements is false in regard to the U.S. income tax treaty program? a. There are about 70 bilateral income tax treaties between the U.S. and other countries. b. Tax treaties...
-
Which one of the following statements is false with respect to a traditional overhead allocation system? a. A traditional overhead allocation system is a good method of cost allocation in the right...
-
Which of the following statements is an organizational objective (as opposed to an organizational goal)? To increase in patient volume by 3 percent per year To increase market share To provide high...
-
Question 1 As at 31 December x5 the statement of financial position of Span and Cat was as follows: Ordinary shares of RM10 each Ordinary shares of RM1 each 7% preference shares of RM1 each 5.6%...
-
Advanced Corporations growth has slowed to a constant rate during the past few years. As a result, the company expects its common stock dividend to grow at a constant 4 percent for the remainder of...
-
If the amplitude of the B field of an EM wave is 2.5 x 10-7, (a) What is the amplitude of the E field? (b) What is the average power per unit area of the EM wave?
-
Police in Albemarle County, Virginia, were on the lookout for a stolen orange and black motorcycle that had eluded them in two previous traffic incidents. Officer David Rhodes drove past the home of...
-
The dates of importance in connection with a cash dividend declared and paid of $55,350 on a corporations common stock are February 6, March 9, and April 8. Illustrate the effects on the accounts and...
-
Artificial Intelligence (AI) has begun to take over many functions in the firm, including pricing, recruitment, talent promotion, advertising, loan issuance, default risk prediction, supply chain and...
-
In this mini-case you will perform some procedures required as a part of audit planning. For ease your audit manager has already organized the workpapers and completed several of the required...
-
A bus brakes to avoid an accident. The tread marks of the tires are 70 ft long. If k = 0.4, what was the speed before applying brakes?
-
A mixture of 30.2 g of sand and 87.7 g of water has a temperature of 12.1C. What ADDITIONAL mass of water at 85.8C must be added to raise the final temperature of the mixture to29.3C? ( c water =...
-
Softwood Pulp and Paper Ltd v FC of T 76 ATC 4439, illustrates the principle that losses and outgoings incurred before the commencement of income producing activity are not deductible under the...
-
Outline the overall content of the major regulations, accreditation requirements, and other standards that affect the (NIH) National Institute Of Aging. Provide the title, section, parts, or...
-
Provide three types of employment that are subject to neither Canada Pension Plan (CPP) contributions nor Employment Insurance (EI) premiums;.
-
Write a program that will display parallel lines close to each other in two alternating primary colours (for example a red line followed by a green line, followed by a red line, followed by a green...
-
If the two-year and four-year corporate bonds with a face value of $100 and annual coupon rate of 4% encounter an increase in yield to maturity (market interest rates) from 4% to 5%, which of these...
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
How was the Continental Vending case unusual with respect to penalties levied against auditors?
-
The international CPA firm of Arthur Andersen faced significant liability in conjunction with its audits of Enron Corporation. Required a. From a legal liability perspective, describe the unique...
-
Suggest some factors that might cause an audit engagement to exceed the original time estimate. Would the extra time be charged to the client?
-
Explain the steps in forming a limited liability corporation.
-
Explain the role played by a board of directors of a corporation.
-
Define a closely held corporation.
Study smarter with the SolutionInn App