When Testing the Occurrence Assertion, the Auditor May

question 28

Multiple Choice

When testing the occurrence assertion, the auditor may:

• A) examine supporting documentation for paid invoices.
• B) examine open purchase orders.
• C) examine the appropriate journals for evidence of posting.
• D) All of the above.

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Definitions:

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.

Indians

Indians refers to the indigenous peoples of the Indian subcontinent, or in a historical American context, Native Americans, the original inhabitants of the Americas prior to European colonization.

Pennsylvania

A state located in the northeastern region of the United States, known for its rich history, including being one of the original 13 colonies.

Bacon's Rebellion

A 1676 rebellion in the Virginia Colony, led by Nathaniel Bacon, which was an early rebellion against the colonial government by settlers.