In Assessing Control Risk for Purchases, an Auditor Vouches a Sample

question 68

Multiple Choice

In assessing control risk for purchases, an auditor vouches a sample of entries in the voucher register to the supporting documents. Which assertion would this test of controls most likely support?

• A)Completeness.
• B)Occurrence.
• C)Accuracy.
• D)Classification.

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Definitions:

Business Plan

A document that outlines a company's goals, strategies, market analysis, financial forecasts, and operational structure.

Wicked Problems

Complex issues that are difficult to define and solve because they are intertwined with other problems and have no clear solution.

Stable Problem Statements

Clearly defined issues or challenges that remain consistent over time and do not change significantly.

Alternative Solutions

Different options or approaches to solving a problem or addressing a situation.