The three audit assertions that are important to ensure the auditor has gained sufficient and appropriate audit evidence for sales revenue are:
A)cut-off,accuracy and completeness.
B)completeness,accuracy and occurrence.
C)occurrence,accuracy and cut-off.
D)classification,accuracy and completeness.

Question

Quizplus · Accepted Answer

Occurrence ensures that sales recorded have actually taken place, accuracy relates to the correct recording of transaction amounts, and cut-off ensures transactions are recorded in the correct accounting period.

The Three Audit Assertions That Are Important to Ensure the Auditor