An Audit Client Erroneously Recorded a Large Purchase Twice

question 26

Multiple Choice

An audit client erroneously recorded a large purchase twice. Which of the following tests of control measures would be most likely to detect this error in a timely and efficient manner?

• A) Reconciling vendors' monthly statements with subsidiary payable ledger accounts.
• B) Footing the purchases journal.
• C) Sending written quarterly confirmations to all vendors.
• D) Tracing totals from the purchases journal to the ledger accounts.

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Definitions:

Anna Freud

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