Examlex

Solved

The PCAOB Audit Objective Related to the Completeness Assertion Is

question 14

True/False

The PCAOB audit objective related to the completeness assertion is to establish evidence that assets,liabilities,and equities actually exist.


Definitions:

Tax Bill

The amount of money owed by an individual or corporation to the taxing authorities as a result of income or other taxes.

Net Fixed Assets

The total value of a company’s fixed assets minus any accumulated depreciation.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life to account for declines in value.

Earnings Before Interest And Taxes

A gauge of corporate profit that disregards expenses related to interest and income tax.

Related Questions