An auditor is most likely to review an entity's practice of periodically accounting for the numerical sequence of shipping documents and invoices as evidence and support for management's financial statement assertion of ________.

Question

Quizplus · Accepted Answer

Reviewing the numerical sequence of shipping documents and invoices helps ensure that all transactions have been recorded, supporting the assertion of completeness. This process helps auditors verify that all sales, shipments, and related transactions are accounted for in the financial statements.

An Auditor Is Most Likely to Review an Entity's Practice