For Each of the Following Audit Procedures,state and Describe the Type

question 84

Essay

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.

• 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.

---

Definitions:

Brownsville, Texas

A city located in the southern part of Texas, near the U.S.-Mexico border, known for its rich historical background and cultural diversity.

American Colonization

The historical process, particularly in the 19th century, involving the establishment of American colonies overseas or the settlement of American citizens in foreign territories.

Puerto Rico

An unincorporated territory of the United States located in the northeastern Caribbean Sea, known for its vibrant culture, history, and natural beauty.

Broad-Based Prosperity

Economic growth and success that is widespread, reaching various sectors and levels of society.