An auditor is testing internal control procedures that are evidenced on an entity's vouchers. To select the vouchers for testing, the auditor obtains random numbers between the first and last voucher number in the period. If a random number matches the number of a voided voucher, that voucher ordinarily should be replaced by another voucher in the random sample if the voucher
A) Constitutes a deviation.
B) Has been properly voided.
C) Cannot be located.
D) Represents an immaterial dollar amount.

Question

Quizplus · Accepted Answer

A properly voided voucher does not need to be included in the testing, as it represents a legitimate transaction that was canceled for a valid reason. Therefore, there is no need to replace it with another voucher in the sample.

An Auditor Is Testing Internal Control Procedures That Are Evidenced