The audit objective that all transactions are recorded in the proper period is related most closely to which of the Audit Standards Board (ASB) transaction assertions?
A)Occurrence.
B)Completeness.
C)Cutoff.
D)Accuracy.

Question

Quizplus · Accepted Answer

The audit objective of ensuring that transactions are recorded in the proper period aligns with the ASB transaction assertion of cutoff, which focuses on whether transactions are recorded in the correct accounting period. Occurrence relates to whether recorded transactions actually occurred, completeness relates to whether all transactions were recorded, and accuracy relates to whether recorded transactions are valid and accurate.

The Audit Objective That All Transactions Are Recorded in the Proper