A client erroneously recorded a large purchase twice which

Reference no: EM13453678

A client erroneously recorded a large purchase twice. Which of the following internal control measures would be most likely to detect this error in a timely and efficient manner?

a) Footing the purchases journal.

b) Reconciling vendors' monthly statements with subsidiary payable ledger accounts.

c) Tracing totals from the purchases journal to the ledger accounts.

d) Sending written quarterly confirmation to all vendors.

Reference no: EM13453678

Questions Cloud

Possible misstatements related to the validity internal : possible misstatements related to the validity internal control objective for payroll transactions include all of the

What do these figures show nbsphow many different fuel : what do these figures show? nbsphow many different fuel types are included in the figures? nbsphow do china and the

How are exchange rates evaluated find the importance of : why do nations trade? what is meant by the concept of comparative advantage? could a nation be better off

Which of the following departments most likely would : which of the following departments most likely would approve changes in pay rates and deductions from employee

A client erroneously recorded a large purchase twice which : a client erroneously recorded a large purchase twice. which of the following internal control measures would be most

Select two 2 religions from those that we have studied so : in this assignment you will select two 2 religions from those studied thus far in the course i.e. hinduism jainism

An significant purpose of auditors review of clients : an important purpose of the auditors review of the clients procurement system should be to determine the effectiveness

Why do income inequalities exist how the income : why do income inequalities exist? how are income inequalities measured? how have income inequalities changed from 1980

In assessing control risk for purchases an auditor vouches : in assessing control risk for purchases an auditor vouches a sample of entries in the voucher register to the

User Account

All Pages