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Question(s) / Instruction(s):

An effective procedure to test the completeness objective for sales is to trace sales journal entries to

copies of sales orders, shipping documents and sales invoices.

a)            TRUE

b)            FALSE

 

2) In converting from a performance format audit program to a design format audit program,

procedures are combined.

a)            TRUE

b)            FALSE

 

3) A credit note is a document indicating to the customer that they have been granted credit terms for

the sale.

a)            TRUE

b)            FALSE

 

4) The auditor’s primary concern in the audit of the write-off of individual uncollectible accounts

receivable is the possibility of embezzlement.

a)            TRUE

b)            FALSE

 

5) Most companies recognize sales when goods are ordered from a credit-worthy customer.

a)            TRUE

b)            FALSE

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