Identify whether each audit procedure is a test of control or a substantive test of...
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Accounting
Identify whether each audit procedure is a test of control or a substantive test of transactions.
| 1. | Account for a sequence of shipping documents and examine each one to make sure that a duplicate sales invoice is attached. |
| 2. | Account for a sequence of sales invoices and examine each one to make sure that a duplicate copy of the shipping document is attached. |
| 3. | Compare the quantity and description of items on shipping documents with the related duplicate sales invoices. |
| 4. | Trace recorded sales in the sales journal to the related accounts receivable master file and compare the customer name, date, and amount for each one. |
| 5. | Examine sales returns for approval by an authorized official. |
| 6. | Review the prelisting of cash receipts to determine whether cash is prelisted daily. |
| 7. | Reconcile the recorded cash receipts on the prelisting with the cash receipts journal and the bank statement for a 1-month period. |
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