[thaimaduc]

But the exam said enter your answer to the nearest WHOLE $, doesn’t it mean that the answer should be 735,200$?

[thaimaduc]

Hi Kim,

I still wonder why 4 is not a valid response. The answer in the kit is:

“..Vouching the revenue per the system back to till receipts is not a valid response to the audit risk. Given that one concern is that revenue is understated, testing should be from the till receipts to the system to ensure that all sales have been recorded. Similarly, agreeing revenue from till receipts to the cashbook is also the wrong way around – this test should begin with the cashbook in order the test for completeness”

Now why test from till receipts to the system is valid to ensure completeness, but not from till receipts to cashbook? The answer states that it should be from cashbook to receipts, which imo is the opposite of test from till receipts to the system. So why it still ensures the completeness?

[Author]

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