In auditing accrued liabilities, an auditor's procedures most likely would focus primarily on management's assertion of:

Question

Quizplus · Accepted Answer

When auditing accrued liabilities, the main concern is to ensure that all the expenses and obligations have been recorded, hence completeness is the main assertion that an auditor's procedures would focus on. However, the other assertions also need to be considered, but not as significant as completeness assertion.

In Auditing Accrued Liabilities, an Auditor's Procedures Most Likely Would