Question: An auditor is most likely to make which of the following determinations during the initial procedures phase of substantively testing the purchasing process? Select answer

An auditor is most likely to make which of the following determinations during the initial procedures phase of substantively testing the purchasing process?
Select answer from the options below
A $10 million payment was made to a single-employee vendor.
Accounts payable turnover is 10 business days.
Disclosures are not appropriately documented.
Five purchases made in December 2018 were recorded in January 2019.

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