You are auditing SBT,which has a December 31^st year-end.On December 24^th,the person responsible for processing receiving reports and recording the receipt of inventory became very ill and was out of the office for a week.Due to the company's small staff and the holiday season,a number of the receiving reports were not processed on a timely basis.As an auditor,on which assertion would you place a high importance for this entity and how would you test for it?

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The Answer of You are auditing SBT,which has a December 31^st year-end.On December 24^th,the person responsible for processing receiving reports and recording the receipt of inventory became very ill and was out of the office for a week.Due to the company's small staff and the holiday season,a number of the receiving reports were not processed on a timely basis.As an auditor,on which assertion would you place a high importance for this entity and how would you test for it?

You Are Auditing SBT,which Has a December 31st Year-End

You Are Auditing SBT,which Has a December 31^st Year-End