question archive Question 3) During a purchases test, in which the auditor is checking that a sample of 25 purchase invoices have been stamped with evidence of goods received, the auditor discovers that one invoice with a value of $7 has no such evidence
Question 3) During a purchases test, in which the auditor is checking that a sample of 25 purchase invoices have been stamped with evidence of goods received, the auditor discovers that one invoice with a value of $7 has no such evidence
Subject:AccountingPrice: Bought3
Question 3) During a purchases test, in which the auditor is checking that a sample of 25 purchase invoices have been stamped with evidence of goods received, the auditor discovers that one invoice with a value of $7 has no such evidence. What should the auditor do next? O Perform additional tests of control on purchases Disregard the error as immaterial and form a conclusion on the basis of the other 24 invoices O Extend the sample and inform the client of the error found in the report to management O Request an explanation from the client and establish if the error is an isolated incident a
