Page 69 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 69 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية To conduct a meaningful test using this procedure, the auditor must be confident that all shipping documents are included in the file. This can be done by accounting for a numerical sequence of the documents Also By examining the movement of inventory and tracing them to the sales invoices, he can discover any unrecorded sales. 3- Accuracy: Are Sales Accurately Recorded?  Auditor depends on recalculations and comparison of information on different documents, many tests can be performed here like:  Compare prices on sales invoices with an approved price list.  Recalculate subtotals and totals.  Compare the details on the invoices with shipping records for description, quantity, and customer identification. Trace the invoices values to the journal and ledger.  Examine customer orders and sales orders for the same information.  When sales invoices are automatically calculated and posted by a computer, the auditor may be able to reduce substantive tests of transactions for the accuracy objective. In this case, the auditor focuses on determining that effective computer controls exist 4- Classification: Are Recorded Sales Correctly Classified?  Auditors must be concerned that transactions are charged to the correct general ledger account. The correct classification of sales requires:  Correct classification of sales in cash and on credit sales.  Correct classification of sales in cash and collecting a debit balance of AR.  Clear classification of sales of assets and sales of goods. 5- Timing: Are Sales Recorded on the Correct Dates?  The auditor should compare the date on selected shipping documents with the date on related sales invoices, the sales journal, and the accounts receivable master file.