Oceanview Marine Company Audit Program (planning format): Substantive Tests of Sales Transactions December 31, 2015 2-2 BC 20206 Oceanview Marine Company Audit Program (planning format): Substantive Tests of Acquisitions Transactions Deeember 31, 2015 Objectives bstantive Tests of Transactions Existencefoccurrence recorded aequisition transactions arc for goads and services received Completeness- all acquisiton transactions are recorded Accuracy-acquisition tratusacliuns are rocorded at the correct amounts Classification aequstion iransactions are debited and credited tu the proper accounts Timing Acquisition transactions are recorded on the correct dates Posting and summarization- acquisitions are correerly totaled in the voucher register and posted tn the G L and subsidiary records Current workpapers- tests of controls and substantive tests of transactions Page 63