Multiple Choice
When the client's internal control structure is adequate,the cutoff can usually be verified by
A) the client's representation letter.
B) inquiries of the controller.
C) obtaining the last shipping document number of the year and comparing it with current and subsequent period recorded sales.
D) confirmation of the receivable for the last recorded sale.
Correct Answer:

Verified
Correct Answer:
Verified
Q67: You are the audit senior responsible for
Q68: A)State the five specific transaction-related audit objectives
Q69: After the items for confirmation have been
Q70: Which of the following lists outlines the
Q71: A risk of material misstatement in accounts
Q73: As part of audit planning,you have calculated
Q74: A)Assuming the client's internal controls are adequate,describe
Q75: An audit procedure that compares the name,amount,and
Q76: The auditor has elected to conduct the
Q77: The most difficult type of cash defalcation