The auditor's internal control objective to determine that "recorded acquisitions are for goods and services received" satisfies the audit objective of
A) accuracy.
B) occurrence.
C) authorization.
D) completeness.

Question

Quizplus · Accepted Answer

The audit objective of "occurrence" relates to ensuring that recorded transactions actually occurred. The internal control objective of verifying that recorded acquisitions are for goods and services received align with this objective, as it confirms that the recorded transaction actually occurred and relates to a real purchase of goods or services.

The Auditor's Internal Control Objective to Determine That "Recorded Acquisitions