Accounting · Auditing

An audit engagement partner states that a newly installed sales system may not be reliable. Which TWO of the following statements represent valid audit responses to this specific risk? 1. Perform analytical procedures by comparing daily/weekly sales by store with both the prior year and with expectations to determine whether any unusual patterns have occurred. 2. Vouch the sales revenue per the system to the till receipts to confirm the accuracy of sales data. 3. Obtain a copy of the training manual relating to the new system and discuss with directors the extent of training staff received. 4. Agree sales revenue from till receipts to the cashbook to determine the accuracy of till receipts.