Which of the following transaction- related objectives is NOT important when auditing dividends?
A) Existence
B) Accuracy
C) Completeness
D) Posting and summarisation

Question

Quizplus · Accepted Answer

Posting and summarisation is not a significant transaction-related objective when auditing dividends because dividends are typically recorded in one account and do not require extensive summarisation or posting to different accounts. The other three objectives (existence, accuracy, and completeness) are important in ensuring that dividends are properly recorded and disclosed in the financial statements.

Which of the Following Transaction- Related Objectives Is NOT Important