Question: The audit program for the Revenue account for a client has been drafted. The following item appears: Item Assertion Detailed Audit Procedure 2 Cut-off Select

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

Item Assertion Detailed Audit Procedure
2 Cut-off Select a sample of sales invoices recorded a few days prior to the year-end and then agree dates on the invoices to the dates on the shipping documents signed by the customer.

a. Evaluate whether the procedure addresses the stated assertion.

b. If the answer to (a) is no, provide the correct assertion or explain what work would be required to address the assertion.

c. Evaluate what type of evidence is obtained by performing the stated procedure. How appropriate is it?

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