The auditor traces recorded sales to invoices,sales orders and shipping documents in order to substantiate which of the following assertions?
A)cutoff.
B)completeness.
C)legality.
D)occurrence/existence.

Question

Quizplus · Accepted Answer

The auditor traces recorded sales to invoices, sales orders, and shipping documents in order to substantiate the occurrence/existence assertion that the sales actually occurred and the recorded amounts are accurate. This ensures that the sales are not fictitious and have been properly accounted for. The other assertions are not directly related to this procedure.

The Auditor Traces Recorded Sales to Invoices,sales Orders and Shipping