Auditors Are More Concerned with the Occurrence Assertion for Revenues

question 11

Multiple Choice

Auditors are more concerned with the occurrence assertion for revenues than the completeness assertion because

• A) Clients are more likely to overstate than understate revenues.
• B) Clients are more likely to understate than overstate revenues.
• C) It is difficult to determine when services have been performed.
• D) The allowance for doubtful accounts often is understated.