Auditing · Sales Cut-off Procedures
Which of the following procedures would provide direct audit evidence that the sales cut-off has been applied correctly at the financial year-end of 31 December 20X7?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1For sales invoices issued shortly before 31 December 20X7, use audit software to determine whether there is a matching Goods Despatched Note (GDN) dated before 31 December 20X7.✓
- 2For sales invoices issued shortly before 31 December 20X7, use audit software to determine whether there is a matching Goods Despatched Note (GDN) dated after 31 December 20X7.
- 3For picking notes issued shortly before 31 December 20X7, use audit software to determine whether there is a matching Goods Despatched Note (GDN) dated before 31 December 20X7.
- 4For picking notes issued shortly before 31 December 20X7, use audit software to determine whether there is a matching Goods Despatched Note (GDN) dated after 31 December 20X7.
Correct answer
For sales invoices issued shortly before 31 December 20X7, use audit software to determine whether there is a matching Goods Despatched Note (GDN) dated before 31 December 20X7.
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