An effective procedure to test the occurrence/existence objective for sales is to vouch sales journal entries to copies of sales orders, shipping documents, and sales invoices.
Correct Answer:
Verified
Q88: The accurate recording of sales transactions concerns
Q89: Separation of duties in the sales and
Q90: Computer programs or independent personnel should check
Q91: Tracing from source documents to the journal
Q92: For each key control, one or more
Q94: Common tests of internal controls related to
Q95: As a test of control, the auditor
Q96: Violations of the occurrence/existence objective for sales
Q97: Which of the following would least concern
Q98: The PCAOB issued guidance in May 2017
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