Question

Which of the following would be consistent with an employee taking cash receipts from customers on account?

Accepted Answer

A) The total of the accounts receivable subsidiary ledger balances is less than the accounts receivable control account. 
B) The total of the accounts receivable subsidiary ledger balances is greater than the accounts receivable control account. 
C) Total cash receipts from customers for the month are less than credit sales for the month. 
D) Total cash receipts from customers for the month are greater than credit sales for the month. 
A) The total of the accounts receivable subsidiary ledger balances is less than the accounts receivable control account. 
B) The total of the accounts receivable subsidiary ledger balances is greater than the accounts receivable control account. 
C) Total cash receipts from customers for the month are less than credit sales for the month. 
D) Total cash receipts from customers for the month are greater than credit sales for the month.

Which of the following would be consistent with an employee taking cash receipts from customers on account?

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Audits, Governmental Audits, and Fraud Examinations

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing and Information Technology

Filters

Exam 6: Employee Fraud and the Audit of Cash

Which of the following would be consistent with an employee taking cash receipts from customers on account?

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Audits, Governmental Audits, and Fraud Examinations

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing and Information Technology

Filters