When performing tests of controls or substantive tests of transactions for acquisitions, vendors' invoices are more useful than vendors' statements.

Question

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Vendors' invoices provide detailed information on specific transactions, including dates, amounts, and descriptions of goods or services provided. In contrast, vendors' statements typically summarize account activity over a period of time and do not provide as much detail. Therefore, invoices are more useful for testing the completeness, accuracy, and validity of transactions related to acquisitions.

When Performing Tests of Controls or Substantive Tests of Transactions