Question 5 4.30 Audit Tests MEDIUM You are working on the audit of Sunshine Foods Ltd (Sunshine), a wholesale distributor, for the year ending 30 June 2015. You have reviewed the audit plan for the revenue account. The audit plan documents the relevant assertions and the detailed procedure you are to perform in relation to each of these assertions. An extract from the audit plan is reproduced below: ITEMASSERTION DETAILED AUDIT PROCEDURE 1 Completeness Select a sample of sales from the sales journal and ensure each sales invoice has been matched by the sales staff to an authorised delivery docket and approved customer order. 2 Accuracy Select a sample of sales from the sales journal and agree the sale price to the authorised price list. 3 Cut-off Select a sample of sales invoices recorded a few days prior to the year end and then agree dates on the invoices to the dates on the delivery documents signed by the customer. REQUIRED For each of the items 1 to 3 above: (a) Indicate whether the audit procedure is a substantive test of details or a test of controls. (b) Indicate whether the audit procedure addresses the given assertion and if the audit procedure does not address the given assertion, state the assertion that is addressed. Provide an explanation for your answer.