Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An audit associate is preparing an audit program for the audit of a clients revenue transactions. To gather evidence in support of the occurrence assertion,
An audit associate is preparing an audit program for the audit of a clients revenue transactions. To gather evidence in support of the occurrence assertion, the associate included the following audit procedure in the audit program: Select a sample of authorized shipping documents and approved customer orders and trace them to recording in the sales journal.
a. Evaluate the relevance of the procedure in addressing the occurrence assertion.
b. Comment on the reliability of the evidence gathered using the procedure.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started