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Auditing

Lectures 5 & 6

Assertions practice across cash, fixed assets, provisions, revenue, liabilities, classification, and disclosures.

Question 3 of 17

You are reviewing a bank reconciliation as at 31 December 2023 and identify the following situation: Expenses amounting to 20,000 euros related to bank transfers from December 2023 are not considered in the accounting records. Which assertion is most relevant?

Pick one: press 1-7 on your keyboard or click an option.
A

Rights and Obligations

B

Classification

C

Valuation

D

Existence

E

Presentation

F

Completeness

G

Accuracy