Chapter 11, Problem 11.4RQ

To determine

Concept Introduction:

Purchasing process: The purchasing process allowed the audit to perform as per the guidelines of purchasing. The audit follows the rule of the purchasing process and ensures that only related vendors can allow for the purchasing. The purchasing process included the guidelines of duties, delivery time, and prices to avoid the risks.

To indicate: the list of key segregation of duties in purchasing process and errors occurred if the duties are not segregated