Practice Quiz

FSOT: 500 Test Prep Study Questions

Category - Management

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Which of the following information would an auditor evaluating the operations of a procurement function review first?
  1. Purchasing policies and procedures currently operative
  2. Job descriptions detailing the responsibilities of each purchaser
  3. Goals of the function and plans in place to achieve them
  4. Data on the timing of invoice payments
Explanation
Answer: C - Goals of the function and plans in place to achieve them
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