EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 14, Problem 22.2MCQ

An auditor is performing substantive tests of transactions for sales. One step is to trace a sample of debit entries from the accounts receivable master file back to the supporting duplicate sales invoices. What will the auditor intend to establish by this step?

  1. (1) Sales invoices represent existing sales.
  2. (2) All sales have been recorded.
  3. (3) All sales invoices have been correctly posted to customer accounts.
  4. (4) Debit entries in the accounts receivable master file are correctly supported by sales invoices.
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