Question
Scenario : A company did NOT record an expense that occurred in Year 1 in the proper year. Instead, they recorded the expense in Year
Scenario: A company did NOT record an expense that occurred in Year 1 in the proper year. Instead, they recorded the expense in Year 2.
Which financial statement assertion related to the expense was violated by the company in Year 1?
A.Classification
B.Completeness
C.Occurance
D.Accuracy
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
