The assertion of cut-off would be at risk when: (a) the accounting information system accepts a value

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The assertion of cut-off would be at risk when:

(a) the accounting information system accepts a value that is incorrect (e.g. 122 instead of 22).

(b) the accounting information system accepts a fictitious sale.

(c) the accounting information system includes a sale for the next financial year in this year’s revenue figure.

(d) a revenue item is classified as an expense when entering the transaction.

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Accounting Information Systems Understanding Business Processes

ISBN: 9781742165554

3rd Edition

Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer

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Question Posted: Jun 25, 2024 02:06 AM

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The assertion of cut-off would be at risk when: (a) the accounting information system accepts a value

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Accounting Information Systems Understanding Business Processes

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