Boris Johnson suggests the following audit procedure should be included in the audit program to gather evidence

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Boris Johnson suggests the following audit procedure should be included in the audit program to gather evidence on the cut-off assertion for the revenue account:

Select a sample of sales from the sales journal and agree the dates on the invoices to the dates on the delivery documents signed by the customer.

Required

Explain how the procedure addresses the assertion. What does it mean if (i) the dates agree, or (ii) the dates do not agree?

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Nov 10, 2023 12:48 AM

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Boris Johnson suggests the following audit procedure should be included in the audit program to gather evidence

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Boris Johnsons suggested audit procedure aims to address the cutoff assertion for the revenue account The cutoff assertion is concerned with ensuring ...View the full answer

Auditing A Practical Approach

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