An Auditor Traced a Sample of Purchase Orders and the Related

question 54

Multiple Choice

An auditor traced a sample of purchase orders and the related receiving reports to the purchases journal and the cash disbursements journal. The purpose of this substantive procedure most likely was to:

• A)identify unusually large purchases that should be investigated further.
• B)verify that cash disbursements were for goods actually received.
• C)determine that purchases were properly recorded.
• D)test whether payments were for goods actually ordered.

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Definitions:

Process Management Skills

The abilities required to effectively oversee and optimize organizational processes to achieve efficiency and quality outcomes.

Contingency Plans

Plans to be implemented when severe, unanticipated changes to organizational or environmental factors completely negate the usefulness of the existing HR forecasting predictions or projections.

Scenarios

Proposed sequence of events with their own set of assumptions and associated program details.

Designated Groups

Groups deemed to require special attention due to the persistent disadvantages they face in the labour market; the four designated groups include people of Aboriginal descent, women, persons with disabilities, and members of visible minorities.