When tracing a sample of shipping documents from throughout the year to the details of the sales invoices and to the sales journal and customers' accounts receivable subsidiary ledger, the auditor is testing the _____________ assertion.
A) Classification
B) Cutoff
C) Existence
D) Completeness

Question

Quizplus · Accepted Answer

The auditor is testing the completeness assertion to ensure that all shipments made are recorded as sales in the sales journal and reflected in the accounts receivable ledger.

When Tracing a Sample of Shipping Documents from Throughout the Year