Tests of Controls for the Occurrence Assertion for Purchases Include

question 19

Multiple Choice

Tests of controls for the occurrence assertion for purchases include all of the following except:

• A)evaluating proper segregation of duties.
• B)testing a sample of vouchers for an authorized purchase order.
• C)testing a sample of vouchers for matching receiving reports.
• D)tracing a sample of vouchers to purchases journal.

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Definitions:

Taxable Item

A taxable item is any product or service subject to tax by governing authorities when sold or purchased.

Founders' Agreement

A legal document outlining the roles, responsibilities, and equity ownership of the founding members of a company.

Less Technical

Pertaining to or characterized by a simpler understanding or approach that doesn't heavily rely on specialized knowledge or complexities.

Key Issues

Central or most important problems, questions, or concerns that require attention or resolution.