If an auditor is expected to detect the overstatement of sales, what should the auditor trace transactions from?.

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23-05-2022
Business

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If an auditor is expected to detect the overstatement of sales, what should the auditor trace transactions from?.

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gauravsingh23VT gauravsingh23VT · Answer 1 · 2022-06-03T14:26:21+02:00

If an auditor is asked to observe the overstatement of sales, the auditor trace transactions from The cash receipts diary should be linked to the sales journal.

How would an auditor detect the overstatement of sales?

The auditor detect the overstatement of sales are given below-

Observe a sample of transfers from the sales journal to the central ledger's sales account.
Approve a sample of sales from the sales diary to the shipment papers.

Thus, The cash receipts diary should be linked to the sales journal.

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