To determine whether sales transactions have been recorded in the proper accounting period, the auditor performs cutoff tests. Which of the following best describes the overall approach used when performing cutoff tests? Ascertain that management has included in the representation letter a statement that transactions have been accounted for in the proper accounting period. Analyze transactions occurring within a few days before and after year-end. Confirm year-end transactions with regular customers. Examine cash receipts in the subsequent period.