Question: Cloud 9 - Continuing Case You have been asked to assist in the planning and development of audit data analytics as a substantive test for

Cloud 9 - Continuing Case You have been asked to assist in the planning and development of audit data analytics as a substantive test for Cloud 9. Cloud 9 uses an evaluated receipt settlement system (see Chapter 12) that involves electronic invoice presentment and payment (EIPP) for 90% of its purchase transactions. Required Plan a substantive test of purchase transactions using ADA as a substantive test. When planning the substantive test, identify the following:

a. What is (are) the assertion(s) being tested?

b. What information are you comparing electronically for each assertion?

c. What electronic evidence would represent a misstatement for each assertion?

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