Most Auditors Plan to Test Controls in the Purchases Cycle

question 91

Multiple Choice

Most auditors plan to test controls in the purchases cycle because of the _______.

• A)high volume of routine transactions in this process
• B)low volume of routine transactions in this process
• C)high volume of irregular transactions in this process
• D)low volume of irregular transactions in this process

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Definitions:

Non-integer Number

A number that is not an integer, implying it can be a fraction, decimal, or irrational number.

Unequal-variances Test

Statistical tests used when comparing two groups that are assumed not to have the same variance.

Student T-distributed

Pertaining to a probability distribution used in statistics for estimating population parameters when the sample size is small and population variance is unknown.

Population Variances

Measures of the spread or distribution of a set of data points in a population, quantifying the degree to which these points differ from the population mean.