Failure to record the acquisition of goods is a violation of which audit objective?
A)Accuracy
B)Occurrence
C)Authorization
D)Completeness

Question

Quizplus · Accepted Answer

The completeness objective states that all transactions should be recorded in the accounting system. Failure to record the acquisition of goods violates this objective because it results in an incomplete record of transactions.

Failure to Record the Acquisition of Goods Is a Violation