Which one of the following would not be considered a substantive audit procedure? A. Obtaining a letter
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Question:
Which one of the following would not be considered a substantive audit procedure?
A. Obtaining a letter from an investment broker confirming an account balance.
B. Using generalized audit software to identify all accounts receivable over 90 days outstanding.
C. Selecting a sample of sales orders and checking that all orders are authorized by a sales manager.
D. Multiplying the number of employees on each pay scale by the yearly pay rate to determine an estimate of payroll expense.
Related Book For
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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