Question
For each of these same tests, indicate the audit objective being tested (e.g., occurrence, existence, etc.). Please provide only one answer and be sure
For each of these same tests, indicate the audit objective being tested (e.g., occurrence, existence, etc.). Please provide only one answer and be sure that it is applicable to a transaction, balance or presentation and disclosure.. 1. Compare dates on shipping documents and the sales journal throughout the year. 2. Perform alternative procedures for nonresponses to confirmations. 3. Examine duplicate sales invoices for initials that indicate internal verification of extensions and footings. 4. Trace from the sales journal to the accounts receivable master file to make sure the information is the same. 5. Examine sales transactions for related party or employee sales recorded as regular sales.
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