To Provide Assurance That Each Voucher Is Submitted and Paid

question 47

Multiple Choice

To provide assurance that each voucher is submitted and paid only once, an auditor most likely would examine a sample of paid vouchers and determine whether each voucher is:

• A)supported by a vendor's invoice.
• B)stamped "paid" by the check signer.
• C)prenumbered and accounted for.
• D)approved for authorized purchases.

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Definitions:

Beneficiary's Rights

The legal entitlements of a beneficiary, such as to receive benefits or assets from a trust, will, or insurance policy.

Modification or Discharge

The act of changing the terms or conditions of a contract or agreement, or releasing parties from their obligations under it.

Identical in Every Jurisdiction

A statement indicating that a legal principle or rule applies uniformly across all legal jurisdictions, though this is relatively rare due to variations in laws.

Assignee

An individual or entity to whom rights or interests have been transferred by another, often used in the context of contracts or legal claims.