As an input to the accounting information system, a properly completed sales invoice can help an auditor with which of the following financial statement assertions?
A)Existence or occurrence
B)Completeness
C)Both existence or occurrence and completeness
D)Neither existence or occurrence nor completeness

Question

Quizplus · Accepted Answer

A properly completed sales invoice can assist an auditor with both the existence or occurrence assertion (confirming that the sale did occur) and the completeness assertion (ensuring that all sales have been recorded).

As an Input to the Accounting Information System, a Properly