Randy Orten, CPA, is auditing Bob Blackwell's company. Blackwell's Chief Administrative Officer (CAO) Stephan Smart verbally affirms to Orten that the account is up to date and all yearly expenses were recorded. What istrue

regarding that verbal assertion?

Group of answer choices

The verbal assertion can enable Randy Orten to minimize the work on the gathering of evidence to support CAO Smart's completeness assertion.

The verbal assertion should be disregarded because it is not in writing.

The verbal assertion is not considered a sufficient basis for Jones to conclude that all expenses have been recorded.

The verbal assertion is sufficient evidence for Jones to conclude that the completeness assertion is supported for expenses.