When Comparing Prices and Terms on a Sample of Sales

question 1

Multiple Choice

When comparing prices and terms on a sample of sales invoices with the authorized price list and terms of trade, the auditor is testing the ____________ assertion.

• A) Cutoff
• B) Authorization
• C) Occurrence
• D) Completeness

---

Definitions:

Visual Acuity

The clarity or sharpness of vision, measured by the ability to discern letters or numbers at a specific distance according to a standard chart.

Fovea Centralis

Depression in the middle of the macula where there are only cones and no blood vessels.

Optic Disc

Point at which axons of ganglion cells of the retina converge to form the optic nerve, which then penetrates through the fibrous tunic of the eye.

Posterior Chamber

Chamber of the eye between the iris and the lens.