Which of the Following Is NOT an Assertion Relating to 'General

question 57

Multiple Choice

Which of the following is NOT an assertion relating to 'general transaction-related audit objectives'?

• A) accuracy
• B) completeness
• C) rights and obligations
• D) occurrence

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Definitions:

Bank of America

One of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.

Dial-Up Internet

A form of internet access that uses a telephone line to connect to the internet, characterized by slower speeds compared to broadband connections.

Broadband Internet

An Internet connection that remains on at all times, delivering faster performance than standard dial-up access.

Mass Customization

A manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.