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Chapter 9 Practice Exercises


Audit procedures:

(1)  Select a sample of

shipping documents, and identify those for which no related invoice exists.

(2)  Select a sample of entries in the sales journal and compare with the related shipping documents.

(3)  Select a sample of shipping documents, and identify those for which no related cash receipt exists.

(4)  Select shipping documents from just after year-end and verify that the related sale is included in the sales register.

(5)  Select shipping documents from just before year-end and verify that the related sale is excluded from the sales register.

(6)  Select shipping documents from just before year-end and verify that the related sale is included in the sales register.

 

Which audit procedure above would most likely be used to:

 

a.     Verify that recorded sales are valid?

 

b.    Verify that all valid sales were recorded?

 

c. Test for proper cut-off of sales?

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