- This topic has 1 reply, 2 voices, and was last updated 10 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
I would say that there could be a problem finding relevant purchase invoices ie invoices for non-current assets. However, I don’t think teh test is entirely useless. The auditors oculds leaf through the file of purchase invoices and ensure that any for non-current assets found their way to the non-current asset register and to the budget.
That wouldn’t detect invoices that were missing. That’s why the answer suggests using goods received notes (though they could presumably go missing also).
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.