While auditing Georgie Ltd you have identified as a risk whether all sales have occurred.The procedure that will be most effective in verifying this assertion is:
A)checking the sequence of delivery dockets.
B)selecting a sample of customers' orders and tracing them to delivery dockets.
C)selecting a sample of invoices and vouching them to delivery dockets.
D)selecting a sample of delivery dockets and tracing them to invoices.

Question

Quizplus · Accepted Answer

Selecting a sample of invoices and vouching them to delivery dockets ensures that the sales recorded in the financial statements actually occurred and were properly documented, directly addressing the risk of whether all sales have occurred.

While Auditing Georgie Ltd You Have Identified as a Risk