Examine sales file for evidence of internal verification of quantity, price, exten- sions, and invoice total, and trace the balance to the accounts receivable master file. e. Compare the price on the sales invoice with the approved price list and the quan- tity with the shipping document.
For the audit of Carbald Supply Company, Carole Wever, CPA, is conducting a test of sales for 9 months of the year ended December 31, 2019. Included among her audit procedures are the following: 1. Electronically re-add the sales journal and trace the balance to the general ledger. 2. Review all sales transactions for reasonableness. […]