An audit firm is performing the audit of a client's purchases payable cycle. As part of the audit of this cycle, it is routine for the auditors to check which of the following? The auditors should check to make sure credit sales have been recorded with a credit to the appropriate parables accounts. The auditors may wish to check that goods or services the audit client has purchased on credit have been recorded to the appropriate payables accounts. The auditors are likely to check that inventory that the client has sold as part of the purchases-payables cycle has appropriately been credited from the inventory account. None of these answer choices are correct. Satvinder and Danielle are discussing internal control one day at lunch in the cafeteria of their local state university. Danielle mentions to Satvinder that her auditing professor had delivered a lecture on controls over the purchasing process. Which of the following is a control that the auditing professor may have discussed? The auditing professor may have mentioned segregation of duties in the purchasing process as a key control. The auditing professor may have discussed the cash disbursements journal as a key control over the client's cash receipts system. The auditing professor may have talked about monthly bank statements as a key control over the client's vendor invoices. The auditing professor may have mentioned an electronic receipts settlement system as a control over the purchasing process