In the course of your audit over the acquisitions cycle you need to determine whether the client billings from vendors were received by the client. You have decided to perform a sample test. The population for the sample would be comprised of:
A) Vendor Invoices.
B) Receiving reports.
C) Cash Disbursements.
D) Accounts Payable Subsidiary Ledger for Vendors.

Question

Quizplus · Accepted Answer

The population for the sample would be comprised of vendor invoices, as these documents represent the billings from vendors that need to be verified for receipt by the client.

In the Course of Your Audit Over the Acquisitions Cycle