Which of the following data analytics tools might an auditor use to test the completeness assertion for sales?
A)Analyze data to assess the proper operation of sales cutoff tests around year-end.
B)Age accounts receivable.
C)Use data visualization tools to evaluate disclosures about sales and profitability.
D)All of the above.

Question

Quizplus · Accepted Answer

Option A involves testing sales cutoff tests which helps in verifying if all sales transactions for the year-end are recorded in the correct accounting period. This helps in ensuring the completeness assertion for sales is met as all sales should be recorded in the correct period. Options B and C are not related to testing the completeness assertion specifically.

Which of the Following Data Analytics Tools Might an Auditor