When comparing prices and terms on a sample of sales invoices with the authorized price list and terms of trade, the auditor is testing the ____________ assertion.
A) Cutoff
B) Authorization
C) Occurrence
D) Completeness

Question

Quizplus · Accepted Answer

The auditor is testing whether the sales were authorized by comparing the prices and terms on the sample of invoices with the authorized price list and terms of trade. Therefore, the assertion being tested is the authorization assertion.

When Comparing Prices and Terms on a Sample of Sales