Multiple Choice
Which procedure would be of most assistance to an auditor discovering a large credit sale that has erroneously been recorded twice?
A) Footing the sales journal.
B) Confirming accounts receivable.
C) Tracing the total sales in the sales journal to the general ledger.
D) Observation of the physical inventory count at year-end.
Correct Answer:
Verified
Correct Answer:
Verified
Q54: The audit working papers often include a
Q55: Which of the following is a likely
Q56: Which of the following procedures would probably
Q57: Which of the following is <b>not</b> one
Q58: Recognizing a loan received as revenue instead
Q60: If the objective of a test of
Q61: Which of the following is <b>not</b> typically
Q62: Confirmation requests should contain a "business reply"
Q63: For effective internal control,the billing function should
Q64: Which of the following generally provides the