Different transactions and events are NOT impacted by the which of the following assertion?
A)Completeness and accuracy
B)Occurrence and cut-off
C)Classification
D)Timeliness

Question

Quizplus · Accepted Answer

Timeliness is not an assertion directly related to the accuracy or occurrence of transactions and events in financial reporting. Assertions like completeness, accuracy, occurrence, cut-off, and classification are directly related to the content and validity of financial transactions and events, whereas timeliness refers more to the prompt recording and reporting of data rather than its impact on the transactions and events themselves.

Different Transactions and Events Are NOT Impacted by the Which