Which of the following is most crucial to a purchase department?

Related MCQs

• Vendors should be approved by Management before purchase department executes an order. If this is not done, then which of the following situations may arise?
• While vouching wages, auditor should examine whether there is proper segregation of duties. Which of the following activities should not be done by same department?
• An internal auditor discovered that fictitious purchases have been recorded by the purchase clerk. This indicates absence of which control?
• Goods purchased but not recorded in the purchase register is ________________
• Purchase returns should be vouched with the help of
• Purchase of machinery is a ____________.
• Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
• Which of the following factors is most important in determining the appropriations of audit evidence?
• A company has bought patents. Which of the following methods is most suitable for providing depreciation on them?
• For vouching of which item, the auditor is most likely to examine cost records?