The audit program for the Revenue account for a client has been drafted. The following item appears:

Question:

DETAILED AUDIT PROCEDURE ITEM ASSERTION Select a sample of sales from the sales journal and ensure each sales invoice is

Required

(a) Does the procedure address the stated assertion? Explain.

(b) If your answer to (a) is no, provide the correct assertion or explain what work would be required to address the assertion.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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Question Posted: Apr 05, 2019 11:50 AM

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The audit program for the Revenue account for a client has been drafted. The following item appears:

Question:

DETAILED AUDIT PROCEDURE ITEM ASSERTION Select a sample of sales from the sales journal and ensure each sales invoice is supported by an authorized delivery slip and approved customer order. Completeness

Step by Step Answer:

a The completeness assertion relates to the claim by management that revenue shown in the profit and ...View the full answer

Auditing A Practical Approach

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