As part of the audit of sales,the auditor has used attribute sampling to select a sample of sales invoices.The auditor has examined the duplicate sales invoice to determine whether it was approved for credit.Which of the following would be termed the "exception?" The
A)sales invoice number.
B)approval initials.
C)name of the person who approves credit.
D)absence of an authorization.

Question

Quizplus · Accepted Answer

The absence of authorization for credit would be considered as an exception in this case as it indicates a deviation from the expected control procedure. The other options such as sales invoice number, approval initials, and the name of the person who approves credit are all details that the auditor is checking for accuracy and completeness, but they are not related to the specific control being tested in this situation.

As Part of the Audit of Sales,the Auditor Has Used