Accounting for the numerical sequence of dispatch notes used in tracing will primarily meet the:
A) existence or occurrence assertion.
B) completeness assertion.
C) accuracy, valuation or allocation assertion.
D) presentation or disclosure assertion.

Question

Quizplus · Accepted Answer

Accounting for the numerical sequence of dispatch notes helps ensure that all dispatches have been recorded, meeting the completeness assertion. This assertion concerns whether all transactions and events that should have been recorded have indeed been recorded.

Accounting for the Numerical Sequence of Dispatch Notes Used in Tracing