In an audit test of requisition approvals, an auditor obtains data showing that 40% of...
50.1K
Verified Solution
Link Copied!
Question
Accounting
In an audit test of requisition approvals, an auditor obtains data showing that 40% of purchases were made at costs more than 15% higher than documented market averages. This data point lacks: Nothing - the information is both reliable and relevant. Relevance and reliability Relevance Reliability
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!