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Explain how the procedure addresses the assertion

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Sales cut-off

Michael Rutherford suggests the following audit procedure should be included in the audit program to gather evidence on the cut-off assertion for the revenue account:

Select a sample of sales from the sales journal and agree the dates on the invoices to the dates on the delivery documents signed by the customer.

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Problem 1: Explain how the procedure addresses the assertion. What does it mean if (i) the dates agree, or (ii) the dates do not agree?

Reference no: EM132877368

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