For which of the following audit procedures would audit sampling not be appropriate?
A) Review sales transactions for large and unusual amounts.
B) Examine a sample of duplicate sales invoices for credit approval.
C) Compare the quantity on duplicate sales invoices with the quantity on related shipping documents.
D) Audit sampling is appropriate for each of the above procedures.
A
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The Golden Rule of Selling requires people whose personal character is at level 2.
a. true b. false
The following information has been provided by Squash Corporation
Direct Labor $6,000 Direct Materials Used 3,000 Raw Materials Purchased 9,000 Cost of Goods Manufactured 13,000 Ending Work-in-Process Inventory 1,400 Corporate Headquarters' Property taxes 900 Manufacturing Overhead Incurred 400 The beginning balance of Work-in-Process Inventory account was ________. A) $4,500 B) $5,000 C) $21,000 D) $9,400