An Audit Program Lists the Procedure "Select a Sample of 20

question 24

Multiple Choice

An audit program lists the procedure "select a sample of 20 entries in the sales journal and trace to duplicate sales invoices and related shipping documents" as a test of the completeness assertion for inventory.This procedure:

• A)Provides low reliability evidence due to the small sample size.
• B)Provides neither appropriate,nor sufficient audit evidence.
• C)Provides relevant and reliable audit evidence.
• D)Provides inappropriate audit evidence for assertion being audited.