1) Which of the following IT application control procedures would be most effective in assuring that recorded purchases are accurately recorded for transactions that actually occurred?

a) The software application matches voucher information with information supporting purchase orders, receiving reports, and vendor invoices.

b) The software application compares the quantity ordered from purchase order information with the quantity received from the receiving department.

c) Vendor invoice information is compared with purchase order information.

d) Receiving reports require the signature of the individual who authorized the purchase.

2) The key documents involved in recording a purchase adjustment involve:

a) a purchase return authorization, a shipping report, and a debit memo.

b) a vendors invoice, a receiving report, and a credit memo.

c) a purchase return authorization, a shipping report, and a credit memo.

d) a purchase order, a vendors invoice, and a voucher.