Accounting · Auditing and Internal Control
Consider the following internal control activities in a sales system: 1. Orders recorded on pre-printed three-part sequential forms. 2. Sales clerk regularly reviews standing system data against a price list. 3. A sequence check is performed on sales invoices manually to investigate missing documents. 4. Sales invoices are posted weekly to the sales day book. Which of these activities effectively satisfies the objective of preventing/detecting a material misstatement regarding the completeness of transactions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 21 and 3 only
- 31, 2, and 4 only
- 43 only✓
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3 only
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