EBK AUDITING AND ASSURANCE SERVICES
16th Edition
ISBN: 9780134067117
Author: Hogan
Publisher: VST
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Chapter 18, Problem 29DQP
a.
To determine
Examine the acceptability of having the client perform the reconciliations, assuming that the auditor intends to execute adequate additional tests
b.
To determine
Explain the additional tests that must be executed for each of the five statements that included differences.
c.
To determine
Explain the
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An auditor decided to render sales cut-off as part of auditing an audit client's accounts receivable. Entries in the Sales Journal from December 16, 2016 to the subsequent period January 15, 2017 were vouched to the supporting documents. Which of the following is correct regarding the January entries? *a. January sales journal entries vouched back to the sales invoice shall help uncover possible overstatement of Sales/Accounts receivable.b. January sales journal entries vouched back to the delivery receipts shall help uncover possible understatement of Sales/Accounts receivable.c. December sales journal entries vouched back to the delivery receipts shall help uncover possible overstatement of Sales/Accounts Receivables.d. December sales journal entries vouched back to the sales invoice shall help uncover possible understatement of Sales/Accounts receivable.e. None of the above.
An auditor decided to render sales cut-off as part of auditing an audit client's accounts receivable. Entries in the Sales Journal from December 16, 2016 to the subsequent period January 15, 2017 were vouched to the supporting documents. Which of the following is correct regarding the December entries? a. December sales journal entries vouched back to the sales invoice provide evidence about the occurrence/existence of Sales/Accounts Receivables.b. December sales journal entries vouched back to the delivery receipts provide evidence about the occurrence/existence of Sales/Accounts Receivables.c. December sales journal entries vouched back to the sales invoice provide evidence about the completeness of Sales/Accounts Receivables.d. December sales journal entries vouched back to the delivery receipts provide evidence about the valuation of Sales/Accounts Receivables.e. None of the above.
1. An auditor decided to render sales cut-off as part of auditing an audit client’s accounts receivable. Entries in the Sales Journal from December 16, 2016 to the subsequent period January 15, 2017 were vouched to the supporting documents. Which of the following is correct regarding the December entries?
A. December sales journal entries vouched back to the sales invoice provide evidence about the occurrence/existence of Sales/Accounts Receivables.
B. December sales journal entries vouched back to the delivery receipts provide evidence about the occurrence/existence of Sales/Accounts Receivables.
C. December sales journal entries vouched back to the sales invoice provide evidence about the completeness of Sales/Accounts Receivables.
D. December sales journal entries vouched back to the delivery receipts provide evidence about the valuation of Sales/Accounts Receivables.
E. None of the above.
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2. During the risk assessment procedures, while understanding the…
Chapter 18 Solutions
EBK AUDITING AND ASSURANCE SERVICES
Ch. 18 - List five asset accounts, three liability...Ch. 18 - Prob. 2DQPCh. 18 - Prob. 3DQPCh. 18 - Prob. 4DQPCh. 18 - Prob. 5DQPCh. 18 - Prob. 6DQPCh. 18 - Prob. 7DQPCh. 18 - Prob. 8DQPCh. 18 - Prob. 9DQPCh. 18 - Prob. 10DQP
Ch. 18 - Prob. 11DQPCh. 18 - Prob. 13DQPCh. 18 - Prob. 14DQPCh. 18 - Prob. 15DQPCh. 18 - Prob. 16.1MCQCh. 18 - Prob. 16.2MCQCh. 18 - Prob. 16.3MCQCh. 18 - Prob. 17.1MCQCh. 18 - Prob. 17.2MCQCh. 18 - Prob. 17.3MCQCh. 18 - Prob. 17.4MCQCh. 18 - Prob. 18.3MCQCh. 18 - Prob. 18.1MCQCh. 18 - Prob. 18.2MCQCh. 18 - Prob. 19DQPCh. 18 - Prob. 20DQPCh. 18 - Prob. 21DQPCh. 18 - Prob. 22DQPCh. 18 - Prob. 23DQPCh. 18 - The following misstatements are included in the...Ch. 18 - Prob. 25DQPCh. 18 - Prob. 26DQPCh. 18 - Prob. 27DQPCh. 18 - Prob. 28DQPCh. 18 - Prob. 29DQPCh. 18 - Prob. 30C
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