Which of the Following Procedures Would Be Most Helpful in Providing

question 201

Multiple Choice

Which of the following procedures would be most helpful in providing additional evidence when an auditor suspects that an unidentified employee is submitting and approving invoices for payment?

• A) Use generalized audit software to identify invoices from vendors with post office box numbers or other unusual features. Select a sample of those invoices and trace to supporting documents such as receiving reports.
• B) Select a sample of payments made during the year and investigate each one for approval.
• C) Select a sample of receiving reports representative of the period under investigation and trace to approved payment. Note any items not properly processed.
• D) Select a sample of invoices paid during the past month and trace them to appropriate vendor accounts.

Recognize the importance of private ownership for economic decision-making and resource management.

Appreciate the balance between technological advancement and its impact on employment and economic growth.

Understand the principles of supply and demand as they apply to the conservation efforts of certain species and products.

Comprehend the concept of voluntary exchange and how mutual benefits are derived from such exchanges.

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Definitions:

Combining Form

In word formation, a form of a word that combines with another form to make a new word or that combines two or more forms into one new form.

Doppler Ultrasound

A test that uses sound waves to measure the movement of blood through your blood vessels.

Fetal Heartbeat

The heartbeat of a fetus, typically detectable by ultrasound from around 6 weeks of gestation.

Postpartum

The period immediately following childbirth.