Solved

Match the Test of Controls Below to the Appropriate Assertion

Question 95

Matching

Match the test of controls below to the appropriate assertion it is used to test:

Premises:
Accuracy
Classification
Completeness
Occurrence
Cutoff
Authorization
Responses:
Observe the endorsement of checks
Review of cash receipts journal for unusual items
Test a sample of cash receipts transactions for proper cash discounts
Test a sample of sales invoices for the presence of authorized customer order and shipping document
Compare the dates on the sales invoices with the dates of the relevant shipping documents
Recompute financial information on a sample of sales invoices

Correct Answer:

Accuracy
Classification
Completeness
Occurrence
Cutoff
Authorization
Related Questions

Q61: Describe the two types of confirmations and

Q73: What inherent risk factors should an auditor

Q76: Identify whether the following tests are tests

Q83: When tracing a sample of shipping documents

Q84: Identify four of the seven primary functions

Q84: Listed below are six assertions regarding the

Q87: When reviewing bank confirmations for any liens

Q90: You are auditing the allowance for doubtful

Q93: Assume you are working on a 12/31

Q94: According to the Association of Certified Fraud

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents