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For each of the following audit procedures, state and describe the type of audit evidence, state the ...

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For each of the following audit procedures, state and describe the type of audit evidence, state the ...

For each of the following audit procedures, state and describe the type of audit evidence, state the audit assertion that it applies to, and describe the reliability of the evidence (with reasons).

A) Watch staff scan products and enter cash received.

B) Reconcile daily cash drawer receipts (cash, debit card sales, credit card sales) with daily sales for one week.

C) Calculate daily gross profit and gross profit by product line.

D) Account for a sequence of sales documents.

Textbook

Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Edition: 12^th

Authors: Arens, Elder, Beasley, Splettstoesser

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eFishie Author

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