The completeness assertion relates to ________.
A)all transactions and events that should have been recorded have been recorded
B)all payroll accounting records are complete and accounted for
C)all entries are recorded in the correct period
D)all accounts are valued at their correct amounts

Question

Quizplus · Accepted Answer

The completeness assertion confirms that all transactions and events that should have been recorded have been recorded in the financial statements. This means that there are no material omissions or unrecorded transactions that could affect the accuracy and reliability of the financial statements.

The Completeness Assertion Relates to ________