An auditor performs a test to determine whether all merchandise for which the client was billed was received. The population for this test consists of all:Select one:a.merchandise receivedb.vendor's invoicesc.canceled checksd.receiving reports
Question
An auditor performs a test to determine whether all merchandise for which the client was billed was received. The population for this test consists of all:Select one:a.merchandise receivedb.vendor's invoicesc.canceled checksd.receiving reports
Solution
The correct answer is b. vendor's invoices.
Here's why:
The auditor is testing whether all merchandise billed was received. The vendor's invoices would provide the most comprehensive list of all merchandise that the client has been billed for.
Option a. merchandise received would not be the correct answer because it only includes the merchandise that was actually received, not all the merchandise that was billed.
Option c. canceled checks would not be the correct answer because it only includes the checks that were canceled, not all the merchandise that was billed.
Option d. receiving reports would not be the correct answer because it only includes the reports of the merchandise that was received, not all the merchandise that was billed.
Therefore, the population for this test consists of all vendor's invoices.
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