Case1: Audit procedure: Test on assertions

Lex LLP auditors are currently on an audit assignment of auditing the financial report of Gignor LLC for the financial year 2019. On 24^th December 2019, the supervisor in charge of processing goods-inwards receiving reports and recording the receipt of inventory items was absent from the office for a week. Due to the company's small staff and the holiday season, a number of the receiving reports were not processed on a timely basis. The auditor is considering his audit strategy as to which audit procedures to apply.

Required:

From the list below identify the important assertion you would be testing as an auditor and apply the audit procedure and briefly outline what the auditor will be testing for:

Cut-off;

Completeness;

Authorization;

Accuracy,

Occurrence.