A Substantive Test for Sales May Include a Sample of Invoices

question 31

True/False

A substantive test for sales may include a sample of invoices from the sales journal which
would be vouched back to sales orders or shipping documents in order to test occurrence.

---

Definitions:

Traditional Categories

Established, conventional classifications or groups, often used to sort and organize subjects or concepts according to common traits.

Fiscal Crime

Illegal activities that harm the financial health of an organization, such as fraud, embezzlement, or money laundering.

White-Collar Crime

A crime that typically occurs in a business context. Popularly used to refer to an illegal act or series of acts committed by a person or business entity using nonviolent means.

Property Crime

Offenses that involve the unauthorized taking of or damage to another's property.