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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 5: Overall Audit Strategy, Audit Program, Audit of the Sales and Collection Cycle, Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  5. Question
    If Sales Invoices Are Automatically Calculated and Posted by a Company's
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If Sales Invoices Are Automatically Calculated and Posted by a Company's

Question 11

Question 11

Essay

If sales invoices are automatically calculated and posted by a company's computer system, can the auditor reduce substantive tests of transactions for the accuracy objective?

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If the auditor determines that the compu...

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