Which of the following information would an auditor evaluating the operations of a procurement function review first?
A)Purchasing policies and procedures currently operative
B)Job descriptions detailing the responsibilities of each purchaser
C)Goals of the function and plans in place to achieve them
D)Data on the timing of invoice payments

Question

Quizplus · Accepted Answer

An auditor would first review the goals of the procurement function and the plans in place to achieve them to understand the overall objectives and framework within which the procurement activities are conducted. This provides context for evaluating the effectiveness and efficiency of the operations.

Which of the Following Information Would an Auditor Evaluating the Operations