Which audit assertion is not addressed by the internal control objectives?
A) valuation
B) allocation
C) classification
D) presentation

Question

Quizplus · Accepted Answer

Presentation is not directly addressed by internal control objectives, as these objectives primarily focus on ensuring the accuracy, authorization, completeness, and safeguarding of transactions and assets, rather than how these transactions or assets are presented in the financial statements.

Which Audit Assertion Is Not Addressed by the Internal Control