We have discovered that when Bulk Changing the Status if there is required field that is already populated the bulk change is requiring it be selected and changed even though all the issues have the field populated. Is this working correctly or should this field not be required to be changes since all issues have it populated.
That's correct. Although the mandatory thing is incidental.
The point of bulk change is that you make the same change to all the issues you have selected. If you change a field, then the new value is supposed to go on to all the issues selected.
The mandatory flag is just making it a bit difficult for you - it's not historical, it only acts now. You've got at least one issue that has not had the field set, so JIRA is obeying what you've now told it and requiring a value for it. That's nothing to do with bulk edit really - it would do the same for each issue if you did them individually, but it is having an impact on what you're trying to do with bulk edit.
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