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 assertion.
D) rights and obligations assertion.

Question

Quizplus · Accepted Answer

The auditor's check on the numeric sequence of prenumbered receiving reports is a test of completeness assertion since it ensures that all the supplier's transactions have been recorded. It helps to ensure that no invoices were missed, and that all the recorded data is complete.

A Check by the Auditor on the Numeric Sequence of Prenumbered