The auditor is performing tests of transactions for individual accounts payable transactions with vendors. Which document provides more reliable information about individual transactions with vendors?
A) Receiving report
B) Vendors Invoices
C) Vendor Statements
D) Purchase Orders

Question

Quizplus · Accepted Answer

Vendor invoices provide more reliable information about individual transactions with vendors as they are the original documents received from the vendor detailing the goods or services provided and the amount owed.

The Auditor Is Performing Tests of Transactions for Individual Accounts