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

question 12

Multiple Choice

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

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

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Definitions:

Attractive People

Individuals perceived to possess a high degree of physical beauty or appeal to others, often influencing social interactions and outcomes.

Proximity

A Gestalt principle of perception; the tendency to perceive objects that are close to each other as part of the same grouping; physical or geographical nearness.

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, including adopting the cultural traits or social patterns of another group.

Acculturative Stress

The psychological impact of adapting to a new culture, which may involve stress due to loss of social support systems, identity confusion, and facing discrimination.