The key audit assertions when auditing cost of sales and expenses include:
A) cut-off.
B) completeness.
C) accuracy.
D) All of the above

Question

Quizplus · Accepted Answer

The key audit assertions for auditing cost of sales and expenses include all of the choices listed, as the auditor must ensure that transactions are recorded in the correct period (cut-off), all transactions are accounted for (completeness), and the amounts recorded are accurate.

The Key Audit Assertions When Auditing Cost of Sales and Expenses