Generally, audit evidence gathered from the sales and collection cycle is combined with evidence:
A) as the evidence accumulation process proceeds.
B) only when all fieldwork processes of the engagement are completed.
C) only after the audit of the sales and collection cycle is concluded.
D) after the conclusion of both the cash cycle and the sales and collection cycle.

Question

Quizplus · Accepted Answer

Audit evidence gathered from the sales and collection cycle is combined with evidence as the evidence accumulation process proceeds. This allows the auditor to identify any potential issues or discrepancies early on in the engagement and modify their audit approach accordingly. Waiting until all fieldwork processes are completed or until the conclusion of both the cash and sales and collection cycle could result in delays or missed opportunities to address any issues found.

Generally, Audit Evidence Gathered from the Sales and Collection Cycle