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Author Question: The auditor has determined that a key control in the audit of the sales and collection cycle is that ... (Read 73 times)

Mscarter

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on: Aug 21, 2022
The auditor has determined that a key control in the audit of the sales and collection cycle is that recorded sales are supported by authorized shipping documents and approved customer orders. What typical test of controls should be used in this situation?
◦ Examine a sample of duplicate sales invoices to determine that each one is supported by an authorized shipping document and approved customer order.
◦ Observe whether shipping documents are forwarded daily to billing and observe when they are billed.
◦ Examine a sample of sales invoices and agree prices to the authorized computer price list.
◦ Use audit software to trace postings from the batch of sales transactions to the subsidiary and general ledgers.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Mscarter on Aug 21, 2022

rika06@comcast.net

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mscarter

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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