Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is a substantive test in relation to completeness ? a. Review minutes and contracts for evidence of pledging of receivables, factoring

Which of the following is a substantive test in relation to completeness?

a.

Review minutes and contracts for evidence of pledging of receivables, factoring or other liens.

b.

Check subsequent sales prices and compare with inventory cost.

c.

Test conversion rates for any foreign currency cash balances.

d.

Undertake sequence check of all sales invoices.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley G. Eakin

7th Global Edition

0273754440, 9780273754442

More Books

Students also viewed these Finance questions

Question

How would you typify the trends of trade unionism internationally?

Answered: 1 week ago