The ASB transaction objective that requires the auditor to establish evidence that all transactions and accounts that should be presented in the financial statements are included is?
A) Completeness.
B) Existence or occurrence.
C) Rights and obligations.
D) Valuation or allocation.

Question

Quizplus · Accepted Answer

The objective described in the question is completeness, which requires the auditor to ensure that all transactions and accounts that should be included in the financial statements are included. This ensures that the financial statements are not materially misstated due to omissions.

The ASB Transaction Objective That Requires the Auditor to Establish