Accounting for the numerical sequence of dispatch notes used in tracing will primarily meet the
A) existence or occurrence assertion.
B) completeness assertion.
C) accuracy, valuation or allocation assertion.
D) presentation assertion.

Question

Quizplus · Accepted Answer

The completeness assertion states that all transactions and events that should have been recorded have been recorded. Accounting for the numerical sequence of dispatch notes used in tracing will provide assurance that no dispatch notes have been left unrecorded, thereby satisfying the completeness assertion.

Accounting for the Numerical Sequence of Dispatch Notes Used in Tracing