A Company's Internal Control System Requires That an Approved Payables

question 23

Multiple Choice

A company's internal control system requires that an approved payables voucher, supported by a purchase order and a receiving report accompany every cheque requisition.To determine whether cheques are being issued for unauthorized expenditures, an auditor is most likely to select items for testing from the population of all

• A)Purchase orders.
• B)Cancelled cheques.
• C)Receiving reports.
• D)Approved vouchers.

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Definitions:

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