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 DETAILED AUDIT PROCEDURE Select a sample of sales from the sales journal and agree the sale price to the authorized price list ITEM 3 ASSERTION Accuracy

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

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

DETAILED AUDIT PROCEDURE Select a sample of sales from the sales journal and agree the sale price to the authorized pric

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.

DETAILED AUDIT PROCEDURE Select a sample of sales from the sales journal and agree the sale price to the authorized price list. ITEM 3 ASSERTION Accuracy

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