Which assertion category does the following audit objective relate to? "Accounts receivable include all claims on customers at the balance sheet date."
A) valuation
B) rights and obligations
C) disclosure
D) completeness

Question

Quizplus · Accepted Answer

The audit objective of ensuring that accounts receivable include all claims on customers at the balance sheet date relates to the completeness assertion, which states that all transactions and balances that should be recorded have been included in the financial statements.

Which Assertion Category Does the Following Audit Objective Relate To