Solved

Match the Test of Controls Below to the Appropriate

Question 82

Matching

Match the test of controls below to the appropriate assertion it is used to test.

Premises:
Cutoff
Accuracy
Authorization
Occurrence
Classification
Completeness
Responses:
Compare the dates on the receiving reports with the dates of the relevant vouchers
Review monthly bank reconciliations
Review client's competitive bidding procedures
Test a sample of vouchers for the presence of authorized purchase order and receiving report
Trace a sample of receiving reports to their respective vendor invoices and vouchers
Review the cash disbursements journal for reasonableness of account distribution

Correct Answer:

Cutoff
Accuracy
Authorization
Occurrence
Classification
Completeness
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