The important assertion(s) for revenue is (are): (a) Occurrence, because testing needs to ensure that recorded sales

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The important assertion(s) for revenue is (are): 

(a) Occurrence, because testing needs to ensure that recorded sales are genuine. 

(b) Never completeness, because a company would never want to understate its revenue. 

(c) Completeness when there could be pressure to defer sales recognition to give the company a head start on meeting the next year’s target. 

(d) Both (a) and (c).

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Related Book For  answer-question

Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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