An auditor's review of the repair expense to identify any capital expenditures is a test related to which management assertion?
A) Existence
B) Completion
C) Valuation
D) Rights and Obligation

Question

Quizplus · Accepted Answer

The review of repair expenses to identify capital expenditures is related to the completeness assertion, ensuring that all capital expenditures are recorded and not understated as expenses.

An Auditor's Review of the Repair Expense to Identify Any