Question 1
An auditor selects a sample from the file of shipping documents to determine whether invoices were prepared. This test is to satisfy the audit objective of
◦ accuracy.
◦ existence.
◦ control.
◦ completeness.
Question 2
Audit procedures designed to uncover credit sales made after the client's fiscal year-end that relate to the current year being audited provide evidence for which of the following audit objectives?
◦ realizable value
◦ accuracy
◦ cutoff
◦ existence