In many audits, no substantive tests of transactions are made for the ________ assertion on the grounds that understatement of sales is not a concern.
A. accuracy
B. existence
C. completeness
D. none of the above
Answer:C
In many audits, no substantive tests of transactions are made for the ________ assertion on the grounds that understatement of sales is not a concern.
A. accuracy B. existence C. completeness D. none of the above