Multiple Choice
Which of the following audit procedures does not address existence/occurrence for accounts receivables and sales?
A) Trace bill of lading to sales invoice and sales journal.
B) Confirm balances of unpaid invoices with customers.
C) Examine subsequent collection.
D) Scan sales journal for duplicate entries.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Lithgow and Harris, CPAs are performing the
Q3: For many clients, the valuation assertion is
Q5: The purpose of summarizing confirmation results is
Q16: An appropriate mix of evidence for a
Q27: The basic concept for revenue recognition is
Q51: Much of the understanding of revenue transactions
Q60: An example of a test for completeness
Q92: Accounts receivable confirmation letters should be prepared
Q104: An auditor's primary concern with identifying related
Q109: An example of alternative procedures for the