A company has a policy that all terminated employees must have an "exit interview" with a member of the personnel department, who documents the discussion. This control relates to the:
A) valuation or allocation assertion.
B) completeness assertion.
C) rights and obligations assertion.
D) presentation or disclosure assertion.
E) existence or occurrence assertion.

Question

Quizplus · Accepted Answer

The exit interview control ensures that the termination of employees is documented, which relates to the existence or occurrence assertion by verifying that the termination event actually took place.

A Company Has a Policy That All Terminated Employees Must