If an auditor selects a sample of customer accounts receivable and traces payment credits to remittance worksheets and bank deposits,the auditor is testing the control objective of completeness.

Question

Quizplus · Accepted Answer

The auditor is testing the control objective of existence or occurrence by verifying that recorded receivables actually reflect underlying transactions that occurred, not completeness. Completeness would involve ensuring all receivables that should have been recorded were actually recorded.

If an Auditor Selects a Sample of Customer Accounts Receivable