Question on Assertions. Please help answer:
1. An auditor would trace from shipping records to the sales journal and the accounts receivable ledger to determine if all shipments were properly recorded as sales.
2. An auditor would trace from the sales invoices or sales journal (accounting records) to the shipping documents (source document) to support management's assertion of _________.
Answers though they seem very close to one another:
1. Completeness
2. Occurance
@jbarwick
this may help or I may just be wrong haha but anyways'
So completeness is looking at the shipments first, saying ok this was shipped, is it recorded in the journal correctly?
occurance you are looking at the sales journal first, and then saying ok this was sold, was it shipped? did the shipping occur?
does that help?