The audit program for the Revenue account for a client has been drafted. The following item appears:
Question:
The audit program for the Revenue account for a client has been drafted. The following item appears:
Required
(a) Does the procedure address the stated assertion? Explain.
(b) If your answer to (a) is no, provide the correct assertion or suggest additional work.
(c) Explain what type of evidence is obtained by performing the stated procedure. How persuasive is it?
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Step by Step Answer:
a The test gathers evidence on whether the correct price is used to calculate the total sale...View the full answer
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Related Book For 
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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