Economics · Auditing
To improve audit efficiency, Viola & Co. is considering the use of computer-assisted audit techniques (CAATs). Which of the following is an example of using 'test data' for trade payables testing during the audit of Poppy Co.?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Selecting a sample of supplier balances for testing using monetary unit sampling
- 2Recalculating the ageing of trade payables to identify balances which may be in dispute
- 3Calculating trade payables payment period to use in analytical procedures
- 4Inputting dummy purchase invoices into the client's system to see if they are processed correctly✓
Correct answer
Inputting dummy purchase invoices into the client's system to see if they are processed correctly
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