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eFishie eFishie
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6 years ago
Helen found that the expense reports were not properly approved while the senior accounts payable clerk was on vacation in July.  Helen decided to perform a test of control on the authorization of expense reports for all the months except for July which she will test substantively.  Helen is allowed to do this because
A) the authorized expense reports for July are not material.
B) it would not be cost beneficial to test the entire population substantively.
C) the authorizations for the month of July are not representative of the population as a whole.
D) compensating controls exist in the payroll reconciliation process.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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victroxvictrox
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6 years ago
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eFishie Author
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#2
6 years ago
Love when it's right Smiling Face with Open Mouth
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