To Determine Whether Internal Control Structure Policies and Procedures Operated

question 5

Multiple Choice

To determine whether internal control structure policies and procedures operated effectively to minimise errors of failure to invoice a shipment, the auditor would select a sample of transactions from the population represented by the:

• A) bill of lading file.
• B) customer order file.
• C) sales invoice file.
• D) subsidiary customer accounts ledger.

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Definitions:

Foreign Exchange Rate

The price of one currency in terms of another currency, used in international trade and investment.