A check by the auditor on the numeric sequence of prenumbered receiving reports to determine that a supplier's invoice was recorded for each relates to the:
A) existence or occurrence assertion.
B) completeness assertion.
C) presentation or disclosure assertion.
D) rights and obligations assertion.

Question

Quizplus · Accepted Answer

Checking the numeric sequence of prenumbered receiving reports to ensure that an invoice was recorded for each relates to the completeness assertion. This is because the auditor is verifying that all transactions (in this case, all received goods that should have an invoice) have been recorded.

A Check by the Auditor on the Numeric Sequence of Prenumbered