AICPA CPA Auditing and Attestation Set 12

The information below was taken from the bank transfer schedule prepared during the audit of Fox Co.'s financial statements for the year ended December 31,
20X1.
Assume all checks are dated and issued on December 30, 20X1. Which of the following checks illustrate deposits/transfers in transit at December 31, 20X1?

Tracing bills of lading to sales invoices provides evidence that:

Which of the following controls most likely would be effective in offsetting the tendency of sales personnel to maximize sales volume at the expense of high bad debt write-offs?

Which of the following controls most likely would help ensure that all credit sales transactions of an entity are recorded?

An entity with a large volume of customer remittances by mail could most likely reduce the risk of employee misappropriation of cash by using:

Which of the following internal control procedures most likely would deter lapping of collections from customers?

Tracing shipping documents to prenumbered sales invoices provides evidence that:

Which of the following procedures would an auditor most likely perform to test controls relating to management's assertion about the completeness of cash receipts for cash sales at a retail outlet?

For effective internal accounting control, the accounts payable department should compare the information on each vendor's invoice with the:

Which of the following is the most effective control activity to detect vouchers that were prepared for the payment of goods that were not received?