As Part of Verification Techniques in Respect of Revenues an Auditor

question 15

Essay

As part of verification techniques in respect of revenues an auditor will inspect sales invoices. The auditor will gain assurance about different assertions depending on the information on the invoice.
In respect of the information below, select the assertion for which that information will provide assurance.
a. Date of the invoice
b. Description of the item sold
c. Monetary amount

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Definitions:

Endocrine System

The collection of glands that produce hormones regulating metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.

Thyroid Gland

A butterfly-shaped gland in the neck that produces hormones regulating the body's metabolic rate, heart and digestive function, muscle control, brain development, and bone maintenance.

Pituitary Gland

A small, pea-sized gland located at the base of the brain that produces hormones influencing growth, metabolism, and the functioning of other endocrine glands.

Endocrine System

A bodily system comprising of glands that release hormones directly into the bloodstream to regulate body functions and maintain homeostasis.