The Audit Objective That All Transactions and Accounts That Should

question 41

Multiple Choice

The audit objective that all transactions and accounts that should be presented in the financial statements are in fact included is related to which of the PCAOB assertions?

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

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Definitions:

E-commerce

The exchange of products and services, or the transfer of money or information, via an electronic network, mainly through the internet.

Security

Measures and protocols that are employed to protect information, data, systems, and networks from unauthorized access, vulnerabilities, and attacks.

Accessibility

Refers to the design of products, devices, services, or environments for people who experience disabilities.

Convenience

The quality of being able to do something with ease and without much effort, often improving efficiency or comfort.