Which of the following audit procedures is most suitable for verifying that all sales transactions have been recorded?
Which of the following audit procedures is most suitable for verifying that all sales transactions have been recorded?
Tracing is the most suitable audit procedure for verifying that all sales transactions have been recorded. This process involves following a transaction from its origin through the company's accounting system to ensure it has been recorded in the financial statements. This helps in verifying both the completeness and the accuracy of the transactions.
Hola, por qué no la C? alguien puede aclararme? gracias!
C because it trace back the transaction if it truly happened
Tracing is effective to check whether the transaction is well accounted