In testing controls over purchases, an auditor most likely would determine that the person who receives inventory.
Fantastic news! We've Found the answer you've been seeking!
Question:
In testing controls over purchases, an auditor most likely would determine that the person who receives inventory.
a. Posts to the general ledger to reflect the receipt of goods.
b. Already has advance copies of purchase orders with the number of goods to expect.
c. Prepares receiving reports for all goods received.
d. Conducts periodic comparisons of receiving reports to general ledger postings.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date: