The completeness assertion is audited by:
A) comparing payroll master file update control totals to the payroll register totals.
B) comparing the check numbers per the bank statement for missing checks.
C) comparing the deposits in transit to the bank statement.
D) Both a and b.

Question

Quizplus · Accepted Answer

The completeness assertion is audited by ensuring that all transactions and events that should have been recorded have been recorded. Option A (comparing payroll master file update control totals to the payroll register totals) and option B (comparing the check numbers per the bank statement for missing checks) both aim to ensure that all payroll transactions and issued checks are recorded, respectively, addressing the completeness assertion.

The Completeness Assertion Is Audited By