Confirmation of sales involces directly with customers will normally provide evidence concerning the collectibility of the invoices, a. b. completeness of receivables. C. client ownership of the invoice amounts. d. occurrence of the sales transactions. 1. Which of the following frames would best enable an auditor to test a purchases/payables system to determine that payables are supported by all required documentation ? a. vendor list b. voucher package log C. check register d. receiving log A monetary unit sample yields LCL=100K and UCL=900K, where M=500K. Which is not correct? A. The auditor cannot conclude that the population is fairly stated. B. The population is misstated by a material amount. C. A 500K adjusting entry would be acceptable. D. The population is misstated Which is consistent with billing customers before year-end for goods shipped after year-end? Note: REV is revenue, COS is cost of sales, CR is cash received from customers a. REV/AR is high b REV / COS is high C. None of the above AR/CR is low