Seb Coe and Boris Johnson are discussing the audit program for the revenue account. Seb and Boris
Question:
Seb Coe and Boris Johnson are discussing the audit program for the revenue account. Seb and Boris disagree about whether they should use procedure A or B below to test the occurrence assertion for the revenue account:
A. Select a sample of sales from the sales journal and agree the details in the journal to the sales invoices, delivery dockets and customer orders.
B. Select a sample of sales invoices, delivery dockets and customer orders and agree the details to the details recorded in the sales journal.
Required
Which test provides evidence about the occurrence assertion? Why? Which assertion does the other test provide evidence about?
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Test B provides evidence about the occurrence assertion for the revenue account ...View the full answer
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Related Book For 
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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