The internal auditor recently conducted a preliminary survey of the purchasing activities of a manufacturing plant. Three
Question:
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
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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