Completeness is an assertion used:
A) when testing balance sheet items.
B) for transactions and events.
C) for presentation and disclosure.
D) all of the above.

Question

Quizplus · Accepted Answer

Completeness is a fundamental assertion in auditing financial statements, which applies to all financial statement items and disclosures, such as balance sheet items, transactions and events, as well as presentation and disclosure. Therefore, the correct answer is D - all of the above.

Completeness Is an Assertion Used