The audit objective that costs and expenses are stated in the income statement at the appropriate amounts relates to which assertion?
A) completeness
B) occurrence
C) classification
D) accuracy

Question

Quizplus · Accepted Answer

The audit objective that costs and expenses are stated in the income statement at the appropriate amounts relates to the accuracy assertion, which refers to whether the amounts and other data relating to the financial statement elements are accurate.

The Audit Objective That Costs and Expenses Are Stated in the Income