What could go Data analysis auditing Assertion Auditing objectives wrong? Mitigating controls procedures Data requirements Valuation and allocation Classification and understandability Sales - class of transactions Occurrence Amounts reported in An order is placed and A shipping number Verify that every sales Customer names (given) the financial a sale is recorded and FedEx transaction has a Transaction statements represent without any product identification number shipping number and numbers valid sales. being shipped. are entered into the FedEx identification Shipping numbers system as evidence of number. FedEx ID numbers order fulfillment and Sales amounts discrepancies are investigated. Completeness Accuracy Cutoff