The ASB Transaction Objective That Requires the Auditor to Establish

question 25

Multiple Choice

The ASB transaction objective that requires the auditor to establish evidence that all transactions and accounts that should be presented in the financial statements are included is?

• A) Completeness.
• B) Existence or occurrence.
• C) Rights and obligations.
• D) Valuation or allocation.

---

Definitions:

Independent Variable

A variable that is manipulated or changed in an experiment to test its effects on a dependent variable.

Dependent Variable

The variable in an experiment that is expected to change in response to changes in the independent variable.

Slope

The measure of the steepness, incline, or grade of a straight line, reflecting the ratio of the vertical change to the horizontal change between two points on the line.

Y-Intercept

The point where a line crosses the Y-axis of a graph, indicating the value of the response variable when all predictor variables are zero.