Which management assertion is of most importance to auditors in examining long-term debt?
A)Existence.
B)Completeness.
C)Rights and obligations.
D)Presentation and disclosure.

Question

Quizplus · Accepted Answer

Completeness is most important because auditors need to ensure that all long-term debt obligations are recorded in the financial statements to prevent understatement of liabilities.

Which Management Assertion Is of Most Importance to Auditors in Examining