Jones,CPA,is planning the audit of Rhonda's Company.Rhonda verbally asserts to Jones that all expenses for the year have been recorded in the accounts.Rhonda's representation in this regard

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Rhonda's verbal assertion is not considered sufficient evidence for Jones to conclude that all expenses have been recorded. As an auditor, Jones needs to obtain and examine documentary evidence to support the completeness assertion for expenses. Verbal assertions cannot be relied upon as conclusive evidence, they need to be supported by appropriate documentation. Therefore, Jones should not minimize the work on the gathering of evidence for expenses based on Rhonda's verbal assertion.

Jones,CPA,is Planning the Audit of Rhonda's Company