Question: When an audit team traces a sample of shipping documents to the related sales invoice copies, they are trying to find relevant evidence that a.

When an audit team traces a sample of shipping documents to the related sales invoice copies, they are trying to find relevant evidence that
a. Shipments to customers were invoiced.
b. Shipments to customers were recorded as sales.
c. Recorded sales were shipped.
d. Invoiced sales were shipped.

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Correct Shipments are traced to customers invoices This does not imply that the invoices were recorded in the sales journal b Incorrect See a above The invoice ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

332-B-A-A-A-N (1934).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

When an audit team does not receive a response on a positive accounts receivable confirmation, auditors should do all of the following except a. Send a second request. b. Do nothing for immaterial...

An audit team designed a sample that would provide a 10 percent risk of overreliance that not more than 7 percent of sales invoices lacked credit approval. From previous audits, the audit team...

An audit team is auditing sales transactions. One step is to vouch a sample of debit entries from the accounts receivable subsidiary ledger back to the supporting sales invoices. The purpose of this...

When an audit team traces a sample of shipping documents to the related sales invoice copies, they are trying to find relevant evidence that Multiple Choice shipments to customers were invoiced....

when an audit team traces a sample of shipping documents to the related sales invoice copies, they are trying to find relevant evidence that

LUCKIN COFFEE, INC Description of Company Luckin Coffee Inc. engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers...

If possible pls help me with this via email as the answer should be limited to one individual per submission. again pls if possible thru email antonionlyfans6969 g mail.com Prepare a word doc., about...

repare a word doc., about 1 page long where you discuss: 1. Fraud risk assessment (describe only 3 risk factors and how might the related accounts and relevant assertions be affected) 3. Exceptions...

I need help answering It was confirmed that a purchasing agent benefits personally by accepting payment from a vendor. Which of the following acts is the purchasing agent guilt of? O Performing...

When an auditor selects a sample of shipping documents and takes the tracing direction of a test to find the related sales invoice copies, the evidence is relevant for deciding which of the...

Think of ways in which the government is actively involved with the purpose of changing the economy with regard to unemployment or inflation (or deflation). Do you agree that the government ought to...

Let P(x, 0), Q(3, x?), P (2x, 1), and Q1(6, x). Find all possible values of x E R such that PQ || PQ1.

How can one avoid writing a confusing thought unit?

3-5 Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of those statements? Explain your...

A CPA has been asked to audit the financial statements of a publicly held company for the first time. All preliminary verbal discussions and inquiries among the CPA, the company, the predecessor...

For many years the financial and accounting community has recognized the importance of the use of audit committees and has endorsed their formation. By now the use of audit committees has become...

i need help solving this problem 3. Sociology /Criminology/ Economics: Records comparing unemployment rates, violent crime rates per 100,000) and property crime rates (per 100,000) were gathered in...

E DESCRIPTIVE STATISTICS Chebyshev's theorem C Devany Espanol A major cab company in Chicago has computed its mean fare from O'Hare Airport to the Drake Hotel to be $29.11 with a standard deviation...

IEEE Std . 1 0 1 2 - 2 0 1 2 concepts, integrity levels system performance consist of ?