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pmiller1129 pmiller1129
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For most audits, a proper cash receipts cutoff is less important than the sales cutoff because the improper cutoff of cash

▸ is detected and correct when cash is separately audited.

▸ is unlikely to have a material impact on the balance sheet or the income statement.

▸ affects items on the balance sheet but does not affect net income.

▸ rarely occurs given the control consciousness of most entities.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


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eggr0lleggr0ll
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A year ago
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pmiller1129 Author
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Helped a lot
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Smart ... Thanks!
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Thank you, thank you, thank you!
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