When sales invoices are automatically calculated and posted by a computer, the auditor may be able to reduce substantive tests of transactions for which, if any, assertion?
A) accuracy
B) existence
C) completeness
D) none of the above

Question

Quizplus · Accepted Answer

If sales invoices are automatically calculated and posted by a computer, the auditor may reduce substantive tests of transactions for accuracy because the computer is likely to perform the calculations accurately. However, the auditor still needs to perform substantive tests for the existence and completeness of the sales transactions.

When Sales Invoices Are Automatically Calculated and Posted by a Computer