Which one of the following transaction-related objectives is NOT important when auditing dividends?
A) accuracy
B) completeness
C) existence
D) posting and summarisation

Question

Quizplus · Accepted Answer

Posting and summarisation are not important objectives when auditing dividends because they are not accounting transactions that require posting or summarisation. The other objectives, accuracy, completeness, and existence, are important to ensure that all dividends have been properly recorded, are accurate, and actually exist or have been paid out.

Which One of the Following Transaction-Related Objectives Is NOT Important