Multiple Choice
Which of the following most likely would be detected by an auditor's review of a client's sales cutoff?
A) Shipments lacking sales invoices and shipping documents.
B) Excessive write-offs of accounts receivable.
C) Unrecorded sales at year-end.
D) Lapping of year-end accounts receivable.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The pending sales orders can be reviewed
Q3: Auditors sometimes use comparisons of ratios as
Q4: Internal control assessment is important because it
Q5: Negative confirmation of accounts receivable is less
Q7: An auditor noted that client sales had
Q8: When an auditor decides to confirm accounts
Q9: Cash receipts from sales on account have
Q10: To determine whether sales transactions have been
Q11: The control activity "credit sales approved by
Q60: The confirmation of customers' accounts receivable rarely