Question 1
A procedure to test for a cash receipts cutoff error is
◦ reconciling the bank statement.
◦ performing a four-column proof-of-cash.
◦ observing the counting of cash at the balance sheet date.
◦ tracing recorded cash receipts to subsequent period bank deposits on the bank statement.
Question 2
An auditor is performing a credit analysis of customers with balances over 60 days due. She is most likely obtaining evidence for which audit related objective?
◦ realizable value
◦ existence
◦ completeness
◦ occurrence