QUESTION 10 The sales invoice: A. Is submitted to the client by the customer, advising the client of the goods ordered B. Is returned to the client with the customer's payment C. Notifies the customer of the amount and terms of payment D. Is a contract between the client and the trucking company which carries the goods to the customer QUESTION 11 The auditor randomly selects a sample of invoices and traces them to shipping documents. This test is primarily designed to address which of these assertions? A. Presentation and disclosure B. Completeness C. Rights and Obligations D. Existence or occurrence QUESTION 12 The purpose of tests of controls over shipping is to test whether controls over which of these activities are functioning effectively? A. Billed goods have been shipped. B. Shipments have been billed C. Shipping department personnel are competent D. Credit is approved before goods are shipped QUESTION 13 Tests of Internal Controls for a public company client: O A. Are used in the financial statement engagement, but not for the control audit B. Must be utilized in both the financial statement and the control audits C. Might be used in either the control audit or the financial statement audit D. Are required to be performed for the control audit, but not for the financial statement audit