Ben Simon wants to ensure that sales in a retail outlet are NOT recorded at the wrong amount. Which preventive control will help him ensure his objective?
A) the signature of the goods by the warehouse receiver on a receiving report or a bill of lading
B) a credit check by the credit manager
C) automatic pricing of sales invoices using a master price file
D) none of the above
Correct Answer:
Verified
Q4: Attribute sampling is a sampling technique used
Q5: Enquiry involves the auditor observing the actual
Q6: If the tests of controls confirm the
Q11: Benchmarking is an audit strategy that can
Q11: Rolland Meilleur, a public accountant, is testing
Q12: Tracing certain amounts on the bank reconciliation
Q12: Rosie Garaga spent the past week designing
Q18: Re-performance involves the auditor re-performing the control
Q19: IT general controls are driven by the
Q20: Tests of account balances can often provide
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents