Explain why auditors need to consider both existence and occurrence, and completeness when auditing an account balance?

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Explain why auditors need to consider both existence and occurrence, and completeness when auditing an account balance? In terms of the transactions posted, how much “audit comfort” does investigating these two assertions provide?

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:25 AM

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Explain why auditors need to consider both existence and occurrence, and completeness when auditing an account balance?

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Auditing and Assurance Services Understanding the Integrated Audit

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