Which One of the Following Statements About the Existence and Completeness

question 52

Multiple Choice

Which one of the following statements about the existence and completeness objectives is true?

• A) Existence deals with understatements and completeness deals with overstatements.
• B) The existence and completeness objectives both emphasise the inclusion of all transactions.
• C) Existence deals with overstatements and completeness deals with understatements.
• D) The completeness objective deals with transactions being recorded in their entirety.

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Definitions:

Wind Directions

The direction from which the wind originates, used to describe weather patterns and conditions.

Cease

To bring or come to an end; a halt or stop.

Estuary

Portion of the ocean located where a river enters and fresh water mixes with salt water.