When auditing a client's database, the purpose of extracting high value and old invoices is to:
A) Determine which vendors and employees have the same addresses.
B) Determine potential invoices for review.
C) Determine unusual relationships between high dollar amounts and past due invoices.
D) Determine which invoices are open and are past due.

Question

Quizplus · Accepted Answer

Extracting high value and old invoices helps in identifying potential invoices that require further review. This process can help auditors detect any fraudulent or suspicious transactions. While options A, C, and D may also be important aspects of an audit, they are not the primary purpose of extracting high value and old invoices.

When Auditing a Client's Database, the Purpose of Extracting High