The internal auditor recently conducted a preliminary survey of the purchasing activities of a manufacturing plant. Three

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The internal auditor recently conducted a preliminary survey of the purchasing activities of a manufacturing plant. Three general management objectives for the purchasing activity related to obtaining goods and services were identified:

1. Right time.

2. Right quantity.

3. Right quality.

Each of these objectives has been determined to be appropriate for the audit.

Required:
For each of these objectives, identify audit procedures that would be likely to produce evidence relative to the organization's success in meeting these objectives.

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Related Book For  book-img-for-question

Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

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