Which of the following audit procedures is a dual-purpose test, which tests the effectiveness of internal controls as well as any material misstatements in the financial statements?
The auditor accounts for the sequence of sales invoices.
The auditor selects a sample of transactions in the sales journal and traces them to the relevant shipping documents.
The auditor adds the transactions in the purchase journal and agrees to the total amount recorded in the general ledger.
A test over the bank reconciliation.
The auditor obtains a sample of timesheets for casual employees and checks for evidence of approval.
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