Which of the following tests of controls is least useful in assessing the transaction-related audit objective related to occurrence?
A) Examine documents in voucher package for occurrence.
B) Examine supporting documents for indication of approval.
C) Account for sequence of vouchers.
D) Attempt to input transactions with valid and invalid vendors.

Question

Quizplus · Accepted Answer

Accounting for the sequence of vouchers primarily tests for completeness, ensuring all transactions are recorded. It is less useful for assessing occurrence, which focuses on whether transactions that have been recorded actually took place.

Which of the Following Tests of Controls Is Least Useful