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
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.
Step by Step Solution
3.40 Rating (162 Votes )
There are 3 Steps involved in it
Answer b Already has advance copies of purchase orders with the number of goods to ... View full answer
Get step-by-step solutions from verified subject matter experts
