Because of the low volume of purchase return transactions, the auditor normally does not test the controls associated with these transactions.

Name: Because of the low volume of purchase return transactions, the auditor normally does not test the controls associated with these transactions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Auditors often focus on areas with higher risk or materiality, and low volume transactions may not significantly impact the financial statements, leading auditors to prioritize other areas.

Because of the Low Volume of Purchase Return Transactions, the Auditor