Consider the two management assertions, existence and completeness. Suppose you are testing the existence of sales revenue and the completeness of sales revenue. Your client has these accounting documents: sales journal; sales invoices; and shipping documents.

1. Define what existence means for sales revenue. What is the direction of the audit test for existence? Show the direction of the documents.
2. Define what completeness means for sales revenue. What is the direction of the audit test for completeness? Show the direction of the documents.