Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 26, 2024

In assessing control risk for purchases, an auditor examines a sample of vouchers for evidence that they have been cancelled to prevent reuse. Which assertion

In assessing control risk for purchases, an auditor examines a sample of vouchers for evidence that they have been cancelled to prevent reuse. Which assertion would this test of controls most likely support?

A.

Completeness.

B.

Occurrence.

C.

Accuracy.

D.

Classification.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Summarize the process of observational learning and how this type of learning is applied today?

Answered: 1 week ago

Question

★★★★★

1. Describe the experiential learning process that companies mentioned in this case study apply to learn from their mistakes and failures. 2. What perceptual problems do managers need to overcome...

Answered: 1 week ago

Question

★★★★★

An employee and employer contribute $3,000 annually for 20 years to a retirement account that earns 9 percent a year, how much will the employee be able to withdraw from the account for 25 years?

Answered: 1 week ago

Question

★★★★★

In field observations, there are many roles of the observer (i.e. level of participation). What was your role in the field? How did it provide data for your research? Was it qualitative or...

Answered: 1 week ago

Question

★★★★★

Question 2 List and describe 10 characteristics of a truly innovative organization. (Mark allocation 1 point for each characteristic and 1 mark for describing each characteristic). [15]

Answered: 1 week ago

Question

★★★★★

Your friend wants to start a new business and has hired you to help with the five-year financial forecast requested by the bank. How would you approach this project? What type of model would you use?...

Answered: 1 week ago

Question

★★★★★

Define digital transformation. How does digital transformation differ between the public and private sectors ? A

Answered: 1 week ago

Question

★★★★★

You plan to implement Teams Rooms systems for 40 meeting spaces with the core features of a Microsoft Teams Meeting Room. How many Microsoft Team Room Pro licenses do you need for this implementation?

Answered: 1 week ago

Question

★★★★★

Indicate how you intend to capture and sustain a healthcare service nicheand justify your preferred competitive service strategy.

Answered: 1 week ago

Previous Question Next Question

Question

In assessing control risk for purchases, an auditor examines a sample of vouchers for evidence that they have been cancelled to prevent reuse. Which assertion

In assessing control risk for purchases, an auditor examines a sample of vouchers for evidence that they have been cancelled to prevent reuse. Which assertion would this test of controls most likely support? A. Completeness. B. Occurrence. C. Accuracy. D. Classification.

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

In assessing control risk for purchases, an auditor examines a sample of vouchers for evidence that they have been cancelled to prevent reuse. Which assertion would this test of controls most likely support?

A.

Completeness.

B.

Occurrence.

C.

Accuracy.

D.

Classification.