1. What control activities typically ensure that the occurrence, authorization, and completeness...

Question

1. What control activities typically ensure that the occurrence, authorization, and completeness assertions are met for a purchase transaction? What tests of controls are performed for each of these assertions?

2. Identify two tests of controls that could be performed using computer-assisted audit techniques (CAATs) for purchase transactions.

Robert · Accepted Answer

What control activities typically ensure that the occurrence, authorization, and completeness 
assertions are met for a purchase transaction? What tests of controls are performed for each of 
these assertions? 
In order to ensure that occurrence, authorization and completeness assertions are met for a 
purchase transaction following activities must be performed:- 
1. Match the purchase orders raised and they were approved in order to ensure that purchases were 
authorizes  
2.

1. What control activities typically ensure that the occurrence, authorization, and completeness assertions are met for a purchase transaction? What tests of controls are performed for each of these...

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