Which of the following procedures would an auditor most likely perform to verify management's assertion of completeness?
A)Compare a sample of shipping documents to related sales invoices.
B)Observe the entity's distribution of payroll checks.
C)Confirm a sample of recorded receivables by direct communication with the debtors.
D)Review standard bank confirmations for indications of kiting.

Question

Quizplus · Accepted Answer

Comparing shipping documents to related sales invoices helps ensure that all goods shipped are invoiced and recorded as sales, addressing the completeness assertion by verifying that all transactions that should have been recorded have been.

Which of the Following Procedures Would an Auditor Most Likely