Examine a sample of receiving report numbers and determine whether each purchase was recorded as an account payable.
The following audit procedures were planned by Jack Kaguri, CPA, in the audit of the acquisition and payment cycle for DeWitt Products, Inc.: 1. Review the acquisitions journal for large and unusual transactions. 2. Examine invoices and related shipping documents included in the client’s unpaid in- voice file at the audit report date to determine […]