An Auditor Is Testing Control Procedures That Are Evidenced on an Entity's

question 49

Multiple Choice

An auditor is testing control procedures that are evidenced on an entity's vouchers by matching random numbers with voucher numbers.If a random number matches the number of a voided voucher,that voucher ordinarily should be replaced by another voucher in the random sample if the voucher:

• A)Constitutes a deviation.
• B)Has been properly voided.
• C)Cannot be located.
• D)Represents an immaterial dollar amount.

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Definitions:

Buyers' Intentions Forecast

The process of predicting future purchasing actions of consumers based on various indicators and market trends.

Sales Forecast

A projection of future sales revenue, often based on historical data, market analysis, and expected market trends.

Environmental Conditions

The external factors, such as economic, social, political, and technological influences that affect an organization's operations and decision-making.

Marketing Efforts

Activities undertaken by a company to promote and sell its products or services.