- This topic has 2 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Hi Tutor,
I’m a little confused by this procedure:
Inquire of management whether there have been any changes in the key suppliers used and compare this to the purchase ledger to assess completeness and accuracy of purchases.How will changes in the key suppliers used affect the completeness of purchases?
Hoping to hear from you, thank you 🙂
If a new key suppliers had been added, then you would expect a new account for that supplier in the payables ledger. Ensuring that there is such an account is some evidence of completeness (and to some extent accuracy).
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.