The internal control questionnaire for receipt of purchases completeness objective would not include which of the following questions?
A) Are the purchase order forms prenumbered and the numerical sequence checked for missing documents?
B) Are receiving report forms prenumbered and the numerical sequence checked for missing documents?
C) Are competitive bids received and reviewed for certain items?
D) Is the accounts payable department notified of goods returned to vendors?

Question

Quizplus · Accepted Answer

The questionnaires for completeness objective for purchases receipts would focus on ensuring that all purchases have been recorded. Thus, questions A, B, and D are relevant as they ensure that all documents related to purchases are accounted for and recorded in the system. However, competitive bids received for certain items are related to the evaluation of the purchase, but not essential for verifying the completeness of the receipts.

The Internal Control Questionnaire for Receipt of Purchases Completeness Objective