To determine whether internal control structure policies and procedures operated effectively to minimise errors of failure to invoice a shipment, the auditor would select a sample of transactions from the population represented by the:
A) bill of lading file.
B) customer order file.
C) sales invoice file.
D) subsidiary customer accounts ledger.

Question

Quizplus · Accepted Answer

The bill of lading file is the most relevant population to sample from because it contains records of shipments made, which should be matched with invoices to ensure all shipments are invoiced.

To Determine Whether Internal Control Structure Policies and Procedures Operated