Multiple Choice
Which of the following is a proper control for the detection of unusual sales transactions recorded in the general ledger?
A) Electronic authorization prior to posting.
B) Use of sequentially numbered sales documents.
C) Random statements to customers.
D) Review of transactions by upper management or the board.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: Valid evidence obtained in an audit for
Q57: Alternative procedures that would provide evidence of
Q58: Substantive procedures for sales and receivables assertions
Q59: Sales transactions should be documented at initiation
Q60: An example of a test for completeness
Q62: Confirmations of receivables at an interim date
Q63: As required by auditing standards,auditors should ordinarily
Q64: The revenue cycle considered by auditors includes
Q65: Material debit balances in accounts payable for
Q66: Negative confirmations are considered to be more