The following are all audit procedures to address relevant assertions in the acquisition and payment...
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Accounting
The following are all audit procedures to address relevant assertions in the acquisition and payment cycle except for ?
To address completeness, trace from file of vendors invoices to the acquisition journal.
To address timing compare dates of receiving reports and vendors' invoices with dates in the acquisitions journal
To address accuracy compare recorded transactions in the acquisitions journal with the vendors' invoice, receiving report, and other supporting documentation.
To addresss completeness, recompute the clerical accuracy on the vendor's invoice, including discounts and freight.
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