When undertaking tests of controls which are related to controls built around a major transaction flow, which assertion would be of least interest to the auditor?
A) Occurrence.
B) Accuracy.
C) Cut-off.
D) Valuation or allocation.

Question

Quizplus · Accepted Answer

Valuation or allocation is typically more relevant to account balances rather than transaction flows, making it of least interest when testing controls around transactions.

When Undertaking Tests of Controls Which Are Related to Controls