Amazon, Inc. buys physical books from publishers and sells those books to

bookstores. Amazon stores its book inventory in a warehouse during the time between receiving and

shipping the books. Amazon purchases books FOB destination and sells books FOB shipping point.

Briefly describe audit procedures to test the following: A) the completeness assertion for

inventory, B) the existence assertion for inventory, C) the occurrence assertion for revenue

(sales), and D) the completeness assertion for revenue. E) If Amazon sells books to its customers on

account, what audit procedure required by audit standards would provide additional evidence

about the occurrence assertion for revenue and the existence assertion for accounts receivable?