The following are examples of documentation typically obtained by auditors: Duplicate sales invoices Subsidiary accounts receivable records Vendors’ invoices General ledgers Title insurance policies for real estate Notes receivable Bank statements Cancelled payroll checks Cancelled notes payable Payroll time cards Required: Classify each of the preceding items according to type of documentation: (1) internal or (2) external
The following are examples of documentation typically obtained by auditors: Duplicate sales invoices Subsidiary accounts receivable records Vendors’ invoices General ledgers Title insurance policies for real estate Notes receivable Bank statements Cancelled payroll checks Cancelled notes payable Payroll time cards Required: Classify each of the preceding items according to type of documentation: (1) internal or (2) external
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 41RQSC
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Question
- The following are examples of documentation typically obtained by auditors:
- Duplicate sales invoices
- Subsidiary accounts receivable records
- Vendors’ invoices
- General ledgers
- Title insurance policies for real estate
- Notes receivable
- Bank statements
- Cancelled payroll checks
- Cancelled notes payable
- Payroll time cards
Required:
- Classify each of the preceding items according to type of documentation: (1) internal or (2) external.
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