Which of the following are examples of substantive procedures in auditing revenue that are always performed?
A)Comparing the monthly income statements to budget and investigating any unexpected fluctuations
B)Testing the cut-off of revenues
C)Both a and b
D)None of the above

Question

Quizplus · Accepted Answer

Substantive procedures in auditing revenue often include both comparing the monthly income statements to budget and investigating any unexpected fluctuations, as well as testing the cut-off of revenues to ensure transactions are recorded in the correct accounting period.

Which of the Following Are Examples of Substantive Procedures in Auditing