Once the auditor has decided on the specific procedures, the acquisitions tests and the cash disbursements tests are typically performed:
A) separately.
B) sequentially.
C) at the same time.
D) independently.

Question

Quizplus · Accepted Answer

Acquisitions tests and cash disbursements tests are typically performed at the same time because they are interrelated processes that involve the purchase of goods and services and the payment for these purchases, respectively. Performing these tests concurrently allows for a more efficient and effective audit process by examining the transactions in a comprehensive manner.

Once the Auditor Has Decided on the Specific Procedures, the Acquisitions