The Control Related to the Completeness Assertion Is

question 6

Multiple Choice

The control related to the completeness assertion is

• A) determining the mathematical accuracy of the suppliers' invoices.
• B) serially numbering suppliers' invoices on receipt so that subsequent checks of numerical continuity can confirm that all invoices are recorded.
• C) preparing a daily prelist of suppliers' invoices approved for payment.
• D) coding the account distributions on the suppliers' invoices.

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Definitions:

Equity Stakeholders

Individuals or groups that have an ownership interest in a company, typically through holding its stocks or shares.

Controlling Interest

An ownership interest in a business entity in terms of voting rights, sufficient to control the policies and management of the entity.

Fiduciary Duty

An obligation to act in the best interest of another party, for example, a company's management acting in the best interests of its shareholders.

Management

The process of dealing with or controlling things or people, often within an organization or a project, including planning, organizing, leading, and controlling resources.