Most auditors plan to test controls in the purchases cycle because of the _______.
A)high volume of routine transactions in this process
B)low volume of routine transactions in this process
C)high volume of irregular transactions in this process
D)low volume of irregular transactions in this process

Question

Quizplus · Accepted Answer

The purchases cycle involves a high volume of routine transactions such as purchase orders, receipts, and payments. Therefore, most auditors plan to test controls in the purchases cycle to ensure that these routine transactions are properly authorized, recorded, and processed.

Most Auditors Plan to Test Controls in the Purchases Cycle