Which of the following assertions relates to the audit objective that all sales and other revenues that accrued to the entity during the period are included in the income statement?
A) classification
B) occurrence
C) completeness
D) accuracy

Question

Quizplus · Accepted Answer

The assertion relating to the audit objective of including all sales and other revenues in the income statement is completeness. This means that all transactions that should have been recorded during the period have indeed been recorded.

Which of the Following Assertions Relates to the Audit Objective