Question: From the dropdown menu, select the audit assertion relating to classes of account balances to the appropriate audit objectives for sales and receivables. Assertion
From the dropdown menu, select the audit assertion relating to classes of account balances to the appropriate audit objectives for sales and receivables. Assertion Audit Objective 1. Disclosed revenue events have occurred and pertain to the entity. Completeness All revenue cycle disclosures that should have been included in the financial statements have been 2. Occurrence included. Presentation Accuracy Sales cycle information is appropriately aggregated or disaggregated, and the related disclosures ar relevant and understandable. 3. 4. Sales cycle information is disclosed accurately and at appropriate amounts. From the dropdown menu, select the audit assertion relating to classes of account balances to the appropriate audit objectives for sales and receivables. Assertion Audit Objective 1. Disclosed revenue events have occurred and pertain to the entity. Completeness All revenue cycle disclosures that should have been included in the financial statements have been 2. Occurrence included. Presentation Accuracy Sales cycle information is appropriately aggregated or disaggregated, and the related disclosures ar relevant and understandable. 3. 4. Sales cycle information is disclosed accurately and at appropriate amounts.
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Answer 1 Occurrence assertion All the revenue events ... View full answer
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