In the initial procedures of the audit program for the revenue cycle, which of the following substantive tests come under the category of tests of details of transactions?
A) Vouch recorded revenue transactions to supporting sales invoices, shipping documents, and sales orders.
B) Vouch cash receipt transactions to supporting bank remittance reports, remittance advices.
C) Vouch sales adjustment transactions to authorizations for sales returns and allowance or uncollectible account write-offs.
D) Vouch subsequent cash receipts identifiable with items comprising account balance at confirmation date to supporting documentation.
Correct Answer:
Verified
Q97: Which of the following involves direct written
Q98: Which elements of the transaction flow for
Q99: What are the classes of transactions in
Q100: When no response has been received after
Q101: In order to serve as a control
Q103: Which of the following control activities are
Q104: When shopping at Lucky Donuts for coffee
Q105: What controls will address the risk of
Q106: Which of the following help the fraudster
Q107: When performing cutoff tests for sales, a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents