Which of the Following Audit Procedures Does Not Address Existence/occurrence

question 42

Multiple Choice

Which of the following audit procedures does not address existence/occurrence for accounts receivables and sales?

• A)Trace bill of lading to sales invoice and sales journal.
• B)Confirm balances of unpaid invoices with customers.
• C)Examine subsequent collections.
• D)Scan sales journal for duplicate entries.

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Definitions:

Independent Variables

Variables that are manipulated or selected by the researcher to determine their effect on the dependent variable.

MANOVA

Multivariate Analysis of Variance, a statistical test that assesses for differences in multiple dependent variables across one or more factor levels.

Repeated Measures

A study design where the same subjects are tested under different conditions or at different times to assess changes.

Analysis of Covariance

A statistical method used to compare the means of more than two groups while controlling for the effects of one or more other variables.