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 client'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

To verify the completeness assertion, an auditor would ensure that all transactions that should have been recorded were indeed recorded. Comparing shipping documents to sales invoices helps ensure that all shipments (and thus sales) have been recorded, addressing completeness.

Which of the Following Procedures Would an Auditor Most Likely