ICANAudit & AssuranceAudit Evidence and Sampling2023

The audit assertion most directly tested by circularising trade receivables is:

ACompleteness
BExistenceCORRECT
CClassification
DCut-off
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Direct confirmation from customers provides evidence that the receivable exists and, to a degree, its accuracy and rights. Completeness of receivables is better tested from despatch records forward to the ledger.
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