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Audit Senior Monica Albright indicated There is a lack of control to test for timely recording of transactions 1. Richard said: That sounds like an
Audit Senior Monica Albright indicated There is a lack of control to test for timely recording of transactions" 1. Richard said: That sounds like an issue with cutoff." 2. Roberta said: That's an occurrence issue" Select one: a. Only statement 1 is true b. Only statement 2 is true c. Both statements 1 and 2 are true d. Neither statements 1 or 2 are true Both types of evidence listed below are acceptable. Which (if any) is/are considered to be strong? 1. In order to ensure that there is an inventory count done on December 31 you discuss it with the warehouse manager, who tells you that it is indeed done. 2. Examining an invoice sent to a customer to ensure that the receivable from that customer is real. Select one: a. Only statement 2 is strong b. Both statements 1 and 2 are strong c. Only statement 1 is strong d. Neither statements 1 or 2 are strong
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