Final answer:
The controls over inventory purchase requisitions and purchase orders are evaluated and tested as part of the internal control process in business organizations.
Step-by-step explanation:
The controls over inventory purchase requisitions and the related purchase orders are evaluated and tested as part of the internal control process in business organizations. Internal controls play a crucial role in ensuring that the company's assets, including inventory, are protected and managed effectively.
For inventory purchase requisitions, internal controls may include documented authorization procedures, segregation of duties, and verification of inventory needs before making a purchase. Purchase orders can be evaluated for accuracy, completeness, and proper authorization.
These controls are typically evaluated and tested as part of the internal audit or external audit process to ensure that the company's inventory management practices are in compliance with established policies and procedures, and to identify any weaknesses or potential risks.