An auditor is testing internal control procedures that are evidenced on an entity's vouchers. To select the vouchers for testing, the auditor obtains random numbers between the first and last voucher number in the period. If a random number matches the number of avoided voucher, that voucher ordinarily should be replaced by another voucher in the random sample if the voucher:
A. represents an immaterial dollar amount.
B. cannot be located.
C. has been properly voided.
D. constitutes a deviation.
Answer: C
You might also like to view...
Getting the products in the hands of the customer by the promised delivery date is the responsibility of ______.
A. the manufacturing firm and the firm’s supply chain partners B. the firm only C. the firm’s supply chain partners only D. the retailer
According to the text, ________ is the most customized sales presentation method.
A. problem-solution B. memorized C. stimulus response D. formula E. need-satisfaction
Petroleum, a relatively cheap nonrenewable energy source, is:
A. being increasingly depleted and is expected to run out in another 50 years, but in the meantime, improved retrieval techniques are being developed. B. expected to run out in another 10 years and needs to be replaced with renewable energy sources quickly. C. in abundant supply but is not environmentally clean. D. clean, cheap, and available, but its major issue as a fuel is that most of the reserves are located in countries whose leadership is critical of the industrialized world.
Describe the three types of vertical marketing systems.
What will be an ideal response?