Multiple Choice
Which of the following audit tests would be regarded as a test of controls?
A) Tests of the additions to property, plant and equipment by physical inspections.
B) Selecting debtors for a positive confirmation process.
C) Tests comparing inventory pricing to suppliers' invoices.
D) Tests of the signatures on sales orders to a list of approved signatories.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: When goods are received, the receiving clerk
Q33: Tests of controls for the occurrence assertion
Q34: All of the following are important controls
Q35: To determine whether internal control structure policies
Q36: Tests designed to detect credit sales made
Q38: Which of the following is a significant
Q39: After obtaining an understanding of an entity's
Q40: Evidence about which aspect(s) of internal control
Q41: While auditing the sales system of Candle
Q42: An auditor will use test data to