An auditor selects a sample from the file of shipping documents to determine whether invoices were prepared.This test is performed to assess which assertion for sales?
A)Valuation and allocation.
B)Completeness.
C)Cut-off.
D)Occurrence.

Question

Quizplus · Accepted Answer

The auditor is checking to ensure that for every shipment, an invoice was prepared, which relates to the completeness assertion. This assertion concerns whether all transactions and accounts that should be included in the financial statements are indeed included.

An Auditor Selects a Sample from the File of Shipping