Boris Shonkoff suggests the following audit procedure should be included in the audit program to gather evidence
Question:
Boris Shonkoff 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 (a) the dates agree, or (b) the dates do not agree?
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Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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