Determine the testing objectives-population characteristics

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Reference no: EM131290149

In order to reduce the risk that unauthorized checks are distributed, management has identified the following control:

ALL PURCHASE ORDERS GREATER THAN $2,000 MUST BE APPROVED BEFORE P\AYMENT IS MADE

For the 2014 audit, our audit team has decided to test the control listed above as of November 1, 2014. As such, please perform the following planning procedures: a) determine the testing objectives, and 2) define the population characteristics (including the sampling population, sampling unit, and control deviation conditions - what constitutes a deviation?)

Reference no: EM131290149

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