The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:­_____________?

Related Mcqs:

According to ISA 315, which of the following is NOT a control activity?

A. Performance reviews B. Physical controls C. Organizational structure D. Segregation of duties...

______the audit risks_______the materiality and_________the audit effort.

A. Lower, Higher, Lower B. Lower, Lower, Higher C. Higher, Lower, Lower D. Lower, Higher, Higher...

What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

A. The auditor concludes balance is materially correct when in actual fact it is not B. The auditor concludes that the balance is materially misstated when in actual fact it not C. The auditor has rejected an item for sample which was material D. None of the above...

Which of the following statements is not true about continuous audit?

A. It is conducted at regular interval B. It may be carried out on daily basis C. It is needed when the organization has a good internal control system D. It is expensive...

Which of the following documents is not relevant for vouching cash sales?

A. Daily cash sales summary B. Salesmen’s summary C. Monthly statements sent to customers D. Bank statement...