Multiple Choice
Which of the following actions is more likely to be a result of error rather than fraud?
A) consignment sales are knowingly recorded as revenue
B) orders are shipped to a customer with a bad credit rating
C) fictitious revenue transactions are recorded and reported
D) subsequent period revenue is deliberately recorded in the current period
Correct Answer:

Verified
Correct Answer:
Verified
Q102: Discuss the alternative procedures an auditor can
Q112: The control objective associated with selecting a
Q113: Which of the following controls pertains to
Q114: The overall objective in the audit of
Q115: The control objective associated with selecting a
Q116: An auditor selects a sample from the
Q118: Discuss three examples of analytical procedures an
Q120: Tracing a sample of recorded cash receipts
Q121: An effective procedure to test for unbilled
Q122: To determine that sales are accurately charged,the