Which of the following is an example of inspection of documentation?
A)Review shipping documents.
B)Estimate the expected amount of interest income.
C)Observe controls.
D)Recalculate the total amount include on a sales invoice.

Question

Quizplus · Accepted Answer

Inspection of documentation is the process of examining records or documents to arrive at a conclusion. Reviewing shipping documents is an example of inspecting documentation. Estimating the expected amount of interest income is not related to inspecting documentation. Observing controls is related to monitoring internal controls and not specifically related to inspecting documentation. Recalculating the total amount included on a sales invoice is an example of substantive testing rather than inspecting documentation.

Which of the Following Is an Example of Inspection of Documentation