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Question 5-12 please. Thanks lal Spe of evidence is obtained by performing the stated procedure. How per s it? Source: Adapted from the Institute of

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Question 5-12 please. Thanks
lal Spe of evidence is obtained by performing the stated procedure. How per s it? Source: Adapted from the Institute of Chartered Accountants July 2010. Australia's CA Program's Audit and Assurance exam, rovided courtesy of Chartered Accountants Australia and New Zealand 5.12 Revenue assertions The audit program for the Revenue The following item appears: account for a client has been drafted. ITEM ASSERTION DETAILED AUDIT PROCEDURE 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 Cut-off on the delivery documents signed by the customer. Required (a) Does the procedure address the stated assertion? Explain. explain what work would be (b) your answer to (a) is no, provide the correct assertion or required to address the assertion. procedure. How per (c) Explain what type of evidence is obtained by performing the stated suasive is it? 2010. Source: Adapted from the CA Program's Audit and Assurance Exam, July 5.13 Revenue assertions has been drafted. The The audit program for the Revenue account for a client following item appears: DETAILED AUDIT PROCEDURE ITEM ASSERTION Select a sample of sales from the sales journal and agree the authorized price

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