Indicate by selecting from the choices provided whether the direction of testing
ID: 2500827 • Letter: I
Question
Indicate by selecting from the choices provided whether the direction of testing will test for completeness, or for existence/occurrence.
Completeness
Existence/Occurrence
The auditor traced shipping documents to the sales journal.
-A.B.
The auditor vouched a sample of recorded payables to purchase orders and approved invoices.
-A.B.
The auditor vouched recorded receivables to bills of lading.
-A.B.
The auditor took a sample of trucks from the motor pool and matched each truck to the subsidiary ledger.
-A.B.
The auditor took a sample from the subsidiary records of recorded trucks and matched each record to the physical truck.
-A.B.
The auditor took a sample of the client’s count of inventory and matched it to the inventory records.
Indicate by selecting from the choices provided whether the direction of testing will test for completeness, or for existence/occurrence.
Completeness
Existence/Occurrence
The auditor traced shipping documents to the sales journal.
-A.B.
The auditor vouched a sample of recorded payables to purchase orders and approved invoices.
-A.B.
The auditor vouched recorded receivables to bills of lading.
-A.B.
The auditor took a sample of trucks from the motor pool and matched each truck to the subsidiary ledger.
-A.B.
The auditor took a sample from the subsidiary records of recorded trucks and matched each record to the physical truck.
-A.B.
The auditor took a sample of the client’s count of inventory and matched it to the inventory records.
Explanation / Answer
The auditor traced shipping documents to the sales journal. Completeness The auditor vouched a sample of recorded payables to purchase orders and approved invoices. Existence or occurrence The auditor vouched recorded receivables to bills of lading. Existence or occurrence The auditor took a sample of trucks from the motor pool and matched each truck to the subsidiary ledger. Completeness The auditor took a sample from the subsidiary records of recorded trucks and matched each record to the physical truck Existence or occurrence The auditor took a sample of the client’s count of inventory and matched it to the inventory records. Existence or occurrence