In auditing the purchases system, an auditor vouches a sample of entries in the voucher register (accounting records) to the supporting documents.Which assertion would this test of controls most likely support?
A)Completeness.
B)Occurrence.
C)Accuracy.
D)Classification

Question

Quizplus · Accepted Answer

Vouching transactions from the voucher register to supporting documents is a test of the occurrence assertion. The auditor is checking that the recorded transactions actually occurred and have supporting documents to back them up. Completeness would be tested by tracing transactions from the supporting documents to the voucher register. Accuracy would be tested by checking that the amounts recorded in the voucher register match the amounts on the supporting documents. Classification would be tested by verifying that transactions are classified correctly in the voucher register.

In Auditing the Purchases System, an Auditor Vouches a Sample