The Auditor's Transaction- Related Audit Objective for Acquisitions, to Determine

question 114

Multiple Choice

The auditor's transaction- related audit objective for acquisitions, to determine that 'recorded acquisitions are for goods and services received', relates to:

• A) completeness.
• B) authorisation.
• C) accuracy.
• D) existence.

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Definitions:

Interstate Commerce Commission

A regulatory agency in the United States created to oversee the railroads and later expanded to other modes of transportation, aiming to ensure fair rates and practices.

Historical Significance

Describes the importance or impact that an event, person, or place has had on history.

Labor Movement

A social and economic campaign to improve the rights, working conditions, and compensation of workers.