Audit procedures designed to uncover credit sales made after the client's fiscal year end that relate to the current year being audited provide evidence for which of the following audit objective?
A)Realizable value
B)Accuracy
C)Cutoff
D)Existence

Question

Quizplus · Accepted Answer

The audit procedures designed to uncover credit sales made after the client's fiscal year end that relate to the current year being audited are designed to test the cutoff assertion. Cutoff assertion relates to whether transactions have been recorded in the proper accounting period.

Audit Procedures Designed to Uncover Credit Sales Made After the Client's