An Auditor Is Least Likely to Test the Internal Controls

question 46

Multiple Choice

An auditor is least likely to test the internal controls that provide for:

• A)approval of the purchase and sale of marketable securities.
• B)vouching a sample of sales transactions to make sure each one has an accompanying shipping document.
• C)segregation of the functions of recording disbursements and reconciling the bank account.
• D)comparison of receiving reports and vendors' invoices with purchase orders.

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Definitions:

Book Rep

A representative who promotes and sells books to bookstores, libraries, and educational institutions.

Customer Table

A database or spreadsheet feature that stores information about clients or customers, such as names, contact details, and transaction history.

Update Query

A type of SQL command used to modify existing records within a table in a database.

Wildcard

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