For each of the following (a-c) determine which audit objective is being met by the following control.
Question:
a. All sales orders are matched to shipping to documents on a weekly basis to determine whether the orders are being filled in a timely manner and all items that are shipped are billed.
b. The person who prepares the daily cash deposit is different from the person who reconciles the cash account with the deposit ticket.
c. Any sale made for a price other than the specified selling price is approved by management.
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a For timeliness Cutoff objective Select transactions from the sales journal and agree the date of p...View the full answer
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Related Book For 
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
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