Design Tests of Controls an Substantive Tests Transactions for acquisitions Recorded acquisitions are for Goods and services received Consistent with the best Interests of the client (existence) Existing Acquisitions Are recorded (completeness) Acquisitions Are Accurately recorded(accuracy) Acquisitions Are Correctly Classified(Classification) Arens, Loebbecke, Auditing, &/E @2000 Prentice hall. IncArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Design Tests of Controls and Substantive Tests of Transactions for Acquisitions Recorded Acquisitions are for Goods and Services Received, Consistent with the Best Interests of the Client (Existence) Existing Acquisitions Are Recorded (Completeness) Acquisitions Are Accurately Recorded (Accuracy) Acquisitions Are Correctly Classified (Classification)