Which of the Following Is an Example of a Substantive

question 1

Multiple Choice

Which of the following is an example of a substantive test that could be used for the audit of the accuracy of sales prices?

• A)inspect sales price master authorization forms for the presence of an approval signature
• B)observe that the point-of-sale system automatically pulls sales prices from the master file
• C)inquire about the process that is used to update sales prices in the sales price master file
• D)calculate the gross margin for each product that is sold by the company