Module 8 - Auditing AR and Sales, the Revenue, Receivables and Receipts Cycle Flashcards
1
Q
Objectives, Risks and Control Tests
A
2
Q
Step 1: Understand what an audit procedure is:
A
3
Q
Balance Sheet assertions:
A
4
Q
Income Statement Assertions:
A
5
Q
Verbs that you can use in substantive audit procedures:
A
6
Q
Sample
A
7
Q
Population
A
8
Q
Audit Programs
A
9
Q
Confirmations explained (Positive or Negative)
A
10
Q
What do you do if the customer doesn’t reply you back?1
A
11
Q
Working Paper for Subsequent Receipts Testing
A
