An auditor should not be concerned if a cross-reference of vendor addresses with employee addresses reveals that there are matches.

Question

Quizplus · Accepted Answer

An auditor should be concerned if there are matches between vendor addresses and employee addresses as this could indicate potential conflicts of interest or fraudulent activities, such as fictitious vendors or employees submitting personal expenses as vendor invoices.

An Auditor Should Not Be Concerned If a Cross-Reference of Vendor