Occurrence assertion
Occurrence concerns whether recorded transactions and events actually took place and relate to the entity. It is commonly tested by selecting entries and tracing them to appropriate underlying evidence.
Worked example
The auditor traces a sample of recorded sales to customer orders and dispatch documents.
Common mistake
Occurrence is distinct from completeness: the opposite direction of testing may be needed for omitted sales.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |