The auditor traces recorded sales to invoices,sales orders,and shipping documents in order to substantiate which assertion?
A)Cutoff.
B)Completeness.
C)Legality.
D)Occurrence.

Question

Quizplus · Accepted Answer

Tracing recorded sales to invoices, sales orders, and shipping documents is done to substantiate the occurrence assertion, meaning that the sales actually took place to actual customers. This helps to ensure that revenue is correctly recorded and helps to prevent the overstatement of revenue.

The Auditor Traces Recorded Sales to Invoices,sales Orders,and Shipping Documents