Auditors are normally more concerned about violations of the completeness objective for acquisitions than about violations of the occurrence objective for acquisitions.

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Auditors are more concerned about completeness objective violations because they may result in understated financial statements, whereas occurrence objective violations may result in overstated financial statements. In the case of acquisitions, if the completeness objective is violated, the auditor may fail to identify all the liabilities or obligations associated with the acquisition, resulting in an understatement of the financial statements. Therefore, auditors give more importance to ensuring the completeness objective is met during acquisitions.

Auditors Are Normally More Concerned About Violations of the Completeness