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 audit objective requires that all transactions and events are recorded in the financial statements. Failure to record the acquisition of goods means that the transaction has not been completely recorded and therefore violates the completeness objective.

Failure to Record the Acquisition of Goods Is a Violation