Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
lythong266 lythong266
wrote...
Posts: 148
Rep: 0 0
A year ago
When testing the controls for the completeness transaction-related audit objectives,

▸ failure to record the acquisition of goods or services will generally understate net income.

▸ failure to record the acquisition of goods or services has no impact on the balance sheet.

▸ it is generally easy for the auditor to determine whether unrecorded transactions exist.

▸ the audit time for accounts payable can be reduced if the client has effective internal controls and the auditor properly tests those controls.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
ssong07ssong07
wrote...
Posts: 105
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lythong266 Author
wrote...

A year ago
This site is awesome
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1000 People Browsing
Related Images
  
 1470
  
 271
  
 293
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 249