Question
To test for sales cutoff, an auditor would most likely: A. Review customer order and sales order dates. B. Inquire of the credit department about
To test for sales cutoff, an auditor would most likely:
A. Review customer order and sales order dates.
B. Inquire of the credit department about new customers with unusual credit terms.
C. Examine sales order and invoice dates.
D. Examine customer order, and then look at shipping terms and BOL (shipping document) dates.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
