Question
The audit program for the revenue account for a client has been drafted. The following item appears: Item Assertion Detailed Audit Procedure 2 Cut-off Select
The audit program for the revenue account for a client has been drafted. The following item appears:
| Item | Assertion | Detailed Audit Procedure |
| 2 | 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
a. Does the procedure address the stated assertion? Explain.
b. If your answer to part a is no, provide the correct assertion or explain what work would be required to address the assertion.
c. Explain what type of evidence is obtained by performing the stated procedure. How persuasive is it?
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CISA Certified Information Systems Auditor Study Guide Achieve CISA Certification With Practical Examples And Over 850 Exam Oriented Practice Questions
Authors: Hemang Doshi
2nd Edition
1803248157, 978-1803248158
