Page 68 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 68 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةafter performing the control tests for each objective, the auditor design and perform the substantive tests of sales transactions to determine whether any monetary misstatements for that objective exist in the transaction. 1- Occurrence: do recorded Sales Occurred.  Auditor uses Vouching (Moving Backward) to detect 3 types of possible potential misstatements (Overstatements) o Sales included in the journals for which no shipment was made. (recorded not shipped) o Sales recorded more than once (Duplication). o Shipments made to nonexistent customers and recorded as sales (shipped to fictious customers)  In General, for testing the occurrence of sales transaction, the auditor should trace the recorded sales in the sales journal to sales invoice and shipping documents and sales order and customer order. Also tracing values in subsidiary AR ledger to the documents related to these customers. (ex: Tracing backward) 2- Completeness: Are all existing sales transactions already recorded?  Auditors can trace selected shipping documents from a file in the shipping department to related sales invoices and the sales journal. (ex: Tracing forward) to detect potential misstatements that actual transactions were not recorded (Understatements)