Which Audit Assertion Relates to Ensuring That All Recorded Sales

question 41

Multiple Choice

Which audit assertion relates to ensuring that all recorded sales are valid?

• A)Existence.
• B)Completeness.
• C)Occurrence.
• D)Accuracy.

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Definitions:

Universal

Pertaining to or characteristic of all human beings; applicable everywhere or in all cases.

Conservation Tasks

A set of cognitive operations used in developmental psychology to assess a child's ability to recognize that certain properties of objects or substances remain the same in spite of changes in their form or appearance.

Collectivist Culture

Identifies societies or groups where people prioritize the needs and goals of the group over individual desires or achievements.

Connectedness

Consists of two dimensions: mutuality, sensitivity to and respect for others’ views; and permeability, openness to others’ views.