Which of the following is one of the key controls that are often found in the purchaser's Evaluated Receipts Settlement (ERS) system for cash disbursements, categorized by relevant assertion?
A)Completeness of cash disbursements
B)Cash payments
C)Evaluation of Receipts Settlement
D)Evaluation of Receipts Statement

Question

Quizplus · Accepted Answer

The key control in the purchaser's Evaluated Receipts Settlement (ERS) system for cash disbursements that relates to the completeness of cash disbursements is the matching of purchase orders, delivery receipts, and invoices to ensure that all goods and services received have been properly invoiced and paid for. This control helps to ensure that no cash disbursements are missing, leading to completeness of cash disbursements assertion. The other options (B, C, and D) are not relevant controls for this assertion.

Which of the Following Is One of the Key Controls