For each of the following (a-c) determine which audit objective is being met by the following control. In addition, list a test that an auditor would do to provide assurance that the control was effective.
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.

  • CreatedJanuary 21, 2015
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