Question 1
Which of the following assertions is described as "this assertion addresses whether all transactions that should be included in the financial statements are in fact included"?
◦ occurrence
◦ completeness
◦ rights and obligations
◦ existence
Question 2
Which of the following is
not one of the AICPA categories of assertions?
◦ assertions about classes of transactions and events for the period under audit
◦ assertions about financial statements and correspondence to GAAP
◦ assertions about account balances at period end
◦ assertions about presentation and disclosure