Chapter 9, Problem 41RSCQ

To determine

Introduction: During the planning stage of audit, the auditor understands fraud risk.Revenue cycle is an important part of business accounting process. Business transactions from sale to payments are recorded. Depending upon the business activities different organizations experience various steps of revenue cycle. The process starts with providing service and ends with when invoice is completely paid.

The control risk assessment questionnaire and a controls matrix. The way of using the documents by the auditors