Provide the Audit steps for test of controls and balances for Sale and receivables accounts? The most appropriate procedure an auditor can use to ensure integrity of the sales and collection cycle is to: a) Confirm accounts receivables balances. b) Ensure the ban...
Elaborate on checking the extensions and footing the invoice. The most appropriate procedure an auditor can use to ensure integrity of the sales and collection cycle is to: a) Confirm accounts receivables balances. b) Ensure the bank reconciliations are p...