Question: For each possible risk listed below , identify the assertion that we are concerned about with respect to revenues related to classes of transactions &

For each possible risk listed below , identify the assertion that we are concerned about with respect to revenues related to classes of transactions & events during the period

Assertion list: Occurrence: Completeness:

Authorization:

Accuracy:

Cutoff:

Classification:.

Presentation:

1: Invoices for goods sold are posted to incorrect customer accounts.

Assertion:

2:Goods ordered by customers are shipped but are not billed to anyone.

Assertion:

3. Invoices are sent for shipped goods but are not recorded in the sales journal.

Assertion:

4. Invoices are sent for shipped goods and are recorded in the sales journal but are not posted to any customer account.

Assertion:

5. Credit sales are made to individuals with unsatisfactory credit ratings.

Assertion:

6. Goods are removed from inventory for unauthorized orders.

Assertion:

7. Goods shipped to customers do not agree with goods ordered by customers.

Assertion:

8. Customers checks are received for less than the customers full account balance but the customers full account balances are credited.

Assertion:

9. Different customer accounts are each credited for the same cash receipt.

Assertion:

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