Answered: To determine the client’s planned…

To determine the client’s planned amount and timing of production of a product, the auditor reviews thea. Sales forecast.b. Inventory reports.c. Production plan.d. Purchases journal.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle

Section: Chapter Questions

Problem 16TFQ

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Concept explainers

Audit Procedures

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and applied at the planning stage of audit after determining audit objectives, scope, approach, and risk assessment.

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To determine the client’s planned amount and timing of production of a product, the auditor reviews the
a. Sales forecast.
b. Inventory reports.
c. Production plan.
d. Purchases journal.

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