Which management assertion is NOT associated with transaction-related audit objectives?
A) existence or occurrence
B) valuation or allocation
C) presentation and disclosure
D) completeness

Question

Quizplus · Accepted Answer

The presentation and disclosure assertion is NOT associated with transaction-related audit objectives, as it relates to the accuracy and completeness of information disclosed in financial statements, rather than the accuracy and completeness of specific transactions. The other assertions (existence or occurrence, valuation or allocation, and completeness) are directly related to transaction-related audit objectives.

Which Management Assertion Is NOT Associated with Transaction-Related Audit Objectives