The internal control objective of accuracy is related to the financial statement assertion of ________.
A)occurrence
B)completeness
C)valuation
D)presentation

Question

Quizplus · Accepted Answer

The internal control objective of accuracy is related to the financial statement assertion of valuation, which ensures that financial transactions and events are recorded at their proper values in the financial statements. This assertion is related to the accuracy of amounts, prices, and other financial data included in financial statements. It is also important for confirming the significance and accuracy of recorded transactions and ensuring that they are in accordance with accounting principles and standards.

The Internal Control Objective of Accuracy Is Related to the Financial