Multiple Choice
Which of the following is an example of a key internal control for an online system that would help ensure that recorded sales are for the amount of goods shipped and are accurately billed and recorded?
A) Shipping documents are matched to invoices.
B) Shipping details are automatically used as the invoicing source.
C) Shipping documents are prenumbered and accounted for.
D) Transactions are summarized daily for posting to the general ledger.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: The two primary classes of transactions in
Q16: The defalcation process that postpones entries for
Q71: A risk of material misstatement in accounts
Q76: The auditor has elected to conduct the
Q78: The appropriate test of controls for separation
Q80: Which of the following is an example
Q122: To determine that sales are accurately charged,the
Q127: Which of the following data elements would
Q130: The information systems audit specialist on your
Q133: When a company uses purchased software packages