Page 85 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 85 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية3. Design Substantive Tests of Transactions for Sales:after performing the control tests for each objective, the auditor design and perform the substantive tests of acquisition and payments transactions to determine whether any monetary misstatements for that objective exist in the transaction. 1- Occurrence: do recorded acquisitions occurred.  Auditor uses Vouching (Moving Backward) to detect 3 types of possible potential misstatements (Overstatements) o Purchases included in the journals for which no shipment was received (recorded not shipped) o Purchases recorded more than once (Duplication). o Payments to nonexistent vendors (fictious customers)  In General, for testing the occurrence of Acquisitions transaction, the auditor should trace the recorded Purchase in purchase journal to vendors invoice and purchase order. Also tracing values in A/P ledger to the documents related to these vendors (i.e Tracing backward)