Multiple Choice
Match the test of controls described below to the appropriate assertion it is used to test:
-Compare the dates on the sales invoices with the dates of the relevant shipping documents
A) Accuracy
B) Authorization
C) Classification
D) Occurrence
E) Completeness
F) Cutoff
Correct Answer:
Verified
Correct Answer:
Verified
Q16: According to the Association of Certified Fraud
Q17: To reduce the risks associated with accepting
Q18: Which of the following might be detected
Q19: To achieve good internal control, which department
Q20: Channel stuffing is an improper practice used
Q22: Describe the two types of confirmations and
Q23: An auditor most likely would limit substantive
Q24: At which point in an ordinary sales
Q25: Assume an account receivable confirmation is returned
Q26: Which of the following procedures would ordinarily