Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

13. These are the tests of controls by the auditor related to cash receipts. Which of these also addresses the completeness assertion related to cash receipts?

A. Inquiring if the mail log is prepared by someone independent of the cash receipts process.
B. Inquiring if duplicate copies of receipts are retained.
C. Inspecting checks prior to deposit for restrictive endorsement.
D. Inquiring if cash drawers are locked during a cashier's absence.

Sagot :

GinnyAnswer

Final answer:

To test completeness assertion related to cash receipts, methods like inspecting checks and inquiring about duplicate copies of receipts retained can be used.


Explanation:

Completeness assertion related to cash receipts can be tested through methods like inspecting checks prior to deposit for restrictive endorsements. This ensures that all received cash is deposited. Another method is inquiring about duplicate copies of receipts retained, as missing duplicates could indicate missing cash transactions. These tests provide assurance that all cash receipts are included in the financial records.


Learn more about Auditing cash receipts for completeness here:

https://brainly.com/question/42049720


We appreciate your time. Please come back anytime for the latest information and answers to your questions. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.