Which of the Following Audit Procedures Would an Auditor Most

Multiple Choice

Which of the following audit procedures would an auditor most likely perform to test controls relating to management's assertion concerning the completeness of sales transactions?

A) Verify that extensions and footings on the entity's sales invoices and monthly customer statements have been recomputed.
B) Inspect the entity's reports of prenumbered shipping documents that have not been recorded in the sales journal.
C) Compare the invoiced prices on prenumbered sales invoices to the entity's authorized price list.
D) Inquire about the entity's credit granting policies and the consistent application of credit checks.