Document packet includes all documents appropriate for the transaction. The Purc
ID: 2423495 • Letter: D
Question
Document packet includes all documents appropriate for the transaction.
The Purchase Requisition is signed by a supervisor.
The Purchase Order is signed by an authorized purchasing agent.
Quantities on vendor's invoice agree with related receiving report and purchase order, and invoice is mathematically correct.
All documents in voucher packet have been stamped "paid".
Compute Sample Size AND Upper Deviation Rate ........
Description of Control Activities Desired Confidence Level Sample Size Number of Deviations Computed Upper DeviationRate (%) Accept/ Reject 1
Document packet includes all documents appropriate for the transaction.
90 % 0 % (Click to select)AcceptReject 2The Purchase Requisition is signed by a supervisor.
90 % 2 % (Click to select)RejectAccept 3The Purchase Order is signed by an authorized purchasing agent.
90 % 1 % (Click to select)RejectAccept 4Quantities on vendor's invoice agree with related receiving report and purchase order, and invoice is mathematically correct.
90 % 1 % (Click to select)RejectAccept 5All documents in voucher packet have been stamped "paid".
90 % 0 % (Click to select)RejectAcceptCompute Sample Size AND Upper Deviation Rate ........
Explanation / Answer
Description of Control Activities Assertion Number of Deviations Observed Maximum Number of Deviations Accept/Reject Describe Any Necessary Revisions to the Audit Plan 1 Document package includes all documents appropriate for the transaction. Occurrence 0 1 Accept 2 The purchase requisition is signed by a supervisor.** Authorization 2 1 Reject Additional substantive testing to obtain evidence related to the segregation of duties in authorizing purchase requsitions. 3 The purchase order is signed by an authorized purchasing agent.*** Authorization 1 1 Accept 4 Quantities on vendor's invoice agree with related receiving report and purchase order, and invoice is mathematically correct. Accuracy 0 1 Accept 5 All documents in voucher package have been stamped "paid". Occurrence 0 1 Accept
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