A sample of sales records is selected and each record is traced from the initial order record to product delivery and payment.Errors are noted.This is an application of which of the following five internal audit scope standards?
A)Operating and financial information integrity
B)Policy compliance verification
C)Asset security verification
D)Resource use efficiency
E)Operational effectiveness

Question

Quizplus · Accepted Answer

This internal audit scope standard focuses on ensuring the accuracy and reliability of the organization's operating and financial information. Tracing sales records from initial order to product delivery and payment and noting errors is an example of verifying the integrity of the organization's financial information.

A Sample of Sales Records Is Selected and Each Record