An auditor performs a test to determine whether all merchandise for which the client was billed was received.The population for this test consists of all:
A)Merchandise received.
B)Vendor's invoices.
C)Canceled checks.
D)Receiving reports.

Question

Quizplus · Accepted Answer

The correct population for this test consists of all vendor's invoices. This is because the auditor is trying to verify that for every invoice (representing a billing from the vendor), there was actual receipt of merchandise, ensuring that the company is only paying for items it actually received.

An Auditor Performs a Test to Determine Whether All Merchandise