Lecture Auditing & assurance services (8e) - Chapter 11: Auditing the purchasing process
Lecture Auditing & assurance services (8e) - Chapter 11: Auditing the purchasing process
After reading the material in this chapter, you should be able to: Understand why knowledge of an entity's expense and liability recognition policies is important to the audit, understand the purchasing process, know the types of transactions in the purchasing process and the financial statement accounts affected, be familiar with the types of documents and records used in the purchasing process, understand the functions in the purchasing process.