In testing controls over cash disbursements, an auditor most likely would determine that the person who signs

Fantastic news! We've Found the answer you've been seeking!

Question:

In testing controls over cash disbursements, an auditor most likely would determine that the person who signs the check also:

A $.$ Is denied access to the supporting documents.

B $.$ Approves the voucher for payment.

C $.$ Stamps, perforates or otherwise cancels supporting documents.

D $.$ Returns the checks to accounts payable.

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

See More Books

Posted Date: Mar 24, 2024 02:43 PM

See More Questions

Multiple Choice Questions Select the best answer for each of the following situations and give reasons for your choice. a. Which of the following controls would most likely reduce the risk of...
Items a through l represent possible errors and fraud that you suspect may be present at Rex Company. The accompanying List of Auditing Procedures represents procedures that the auditor would...
Items a through I represent possible errors and fraud that you suspect may be present at Rex Company. The accompanying List of Auditing Procedures represents procedures that the auditor would...
According to the 2020 Global Study on Occupational Fraud and Abuse, a tip is the most common way to report fraud. What should be the ethical considerations for employees before deciding whether to...
Determine whether each of the following statements is true or false. For each false statement give a counterexample. (a) If (/?, +, ) is a ring, and 0 S R with S closed under + and , then S is a...
Collect sample data, and use the methods of this chapter to construct confidence interval estimates of population parameters. Here are some suggestions for parameters: Proportion of students at your...
Are the input specifiers for scanf() identical to the output specifiers for printf()?
Company produces one type of sunglasses with the following costs and revenues for the year: Total Revenues...............................................................................................
What is the policy implication of a research question focusing on vaccinating everyone in the general population? Solve How many QALYs will $1,000 worth of measles vaccine purchase in this village?...
A four-year project promises to pay 0.56% interest per month. An investor is trying to decide between investing in this project or investing in a semi-annually compounded four-year GIC. Above what...
List five indicators of controversy that may exist in your organisation. (5) 2. In your own words, discuss any four examples of policy participation issues that characterise the design of a public...
The cityb of vancouver has about 2 million people in it,and is located next to the mouth of the fraser river.the delta ofb the fraser river has some of the best soil in the world for growing crops...
How can everyday people enforce the federal environmental laws like the Clean Air Act, Clean Water Act, or CERCLA (Superfund Law), even if the government is not enforcing the law?
Autobyte, a general partnership, is owned by the Wolfson Partnership, an 80% partner and Bob Gray, Inc, a 20% partner. Bob Gray, Inc is an S corporation that is wholly owned by Mr. Bob Gray. Last...
Remember to use the blog authentically. In your blog post, imagine you are crafting a blog for someone new to your profession. Include key points, recommendations, and supporting examples when...
According to a New York Times columnist, The estate tax affects a surprisingly small number of people. In 2003, . . . just 1.25 percent of all deaths resulted in taxable estates, with most of them...
Interview three heads of household, each from a household representing a different stage of the life cycle orsocioeconomic status. Inquire about their financial planning process and their strategies...
Jimmy, an accountant, and Bethany just returned from their honeymoon in the Bahamas. They celebrated their marriage and the completion of Bethany's M.B.A. program. They have been encouraged by their...
Review the six financial accomplishments that may result from studying personal finance. In your opinion, which three are most important? Why?

In testing controls over cash disbursements, an auditor most likely would determine that the person who signs

Question:

Expert Answer:

The correct answer is B Approves the voucher for payment When test... View the full answer

Principles of Auditing and Other Assurance Services

Students also viewed these accounting questions