Matching
Match the test of controls below to the appropriate assertion it is used to test:
Premises:
Accuracy
Classification
Completeness
Occurrence
Cutoff
Authorization
Responses:
Observe the endorsement of checks
Review of cash receipts journal for unusual items
Test a sample of cash receipts transactions for proper cash discounts
Test a sample of sales invoices for the presence of authorized customer order and shipping document
Compare the dates on the sales invoices with the dates of the relevant shipping documents
Recompute financial information on a sample of sales invoices
Correct Answer:
Premises:
Responses:
Accuracy
Classification
Completeness
Occurrence
Cutoff
Authorization
Premises:
Accuracy
Classification
Completeness
Occurrence
Cutoff
Authorization
Responses:
Related Questions
Q3: An auditor most likely would limit substantive
Q11: In general, revenue is recognized when<br>A) Goods
Q11: Auditors are more concerned with the occurrence
Q15: Which of the following most likely would
Q42: If the objective of a test of
Q66: Which of the following controls most likely
Q68: What is channel stuffing?<br>A)A company records revenue
Q78: An auditor's purpose in reviewing credit ratings
Q87: In which of the following circumstances would
Q88: What inherent risk factors should an auditor