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Match the number of the applicable audit proc...

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Match the number of the applicable audit procedure with the objective. I. Audit procedures for revenues: 1. Select a sample of shipping documents, and identify those for which no related invoice exists. 2. Select a sample of entries in the sales journal and compare with the related shipping documents. 3. Select a sample of entries in the sales journal and compare with the related invoices. 4. Select a sample of shipping documents, and identify those for which no related cash receipt exists. 5. Select shipping documents from just after year-end and verify that the related sale is included in the sales register. 6. Select shipping documents from just before year-end and verify that the related sale is included in the sales register. 7. Select shipping documents from just before year-end and verify that the related sale is excluded from the sales register. Objectives # a. Verify that recorded sales are valid. b. Verify that all valid ales were recorded. c. Test for proper cutoff of sales. d. Test for overstatement of receivables.,Thank you so much for your help.

 

Paper#12836 | Written in 18-Jul-2015

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