Below is audit procedure, which is test of transactions associated with the audit of the sales and collection cycle. Also below are the seven general transaction- related audit objectives and the six management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested.
-Examine customer order forms for credit approval by the credit manager.

Question

Below is audit procedure, which is test of transactions associated with the audit of the sales and collection cycle. Also below are the seven general transaction- related audit objectives and the six management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 
-Examine customer order forms for credit approval by the credit manager.

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The Answer of Below is audit procedure, which is test of transactions associated with the audit of the sales and collection cycle. Also below are the seven general transaction- related audit objectives and the six management assertions. For each audit procedure, indicate (1) its audit objective, and (2) the management assertion being tested. 
-Examine customer order forms for credit approval by the credit manager.

Below Is Audit Procedure, Which Is Test of Transactions Associated