Tests of controls for the occurrence assertion for purchases include all of the following except:
A)evaluating proper segregation of duties.
B)testing a sample of vouchers for an authorized purchase order.
C)testing a sample of vouchers for matching receiving reports.
D)tracing a sample of vouchers to purchases journal.

Question

Quizplus · Accepted Answer

Tests of controls for the occurrence assertion for purchases typically focus on ensuring that purchases recorded in the accounting records actually occurred and are authorized, properly recorded, and complete. Tracing a sample of vouchers to the purchases journal is more related to the completeness assertion (ensuring all purchases that occurred are recorded) rather than the occurrence assertion (ensuring recorded purchases actually occurred).

Tests of Controls for the Occurrence Assertion for Purchases Include