From the list of assertions provided, select the relevant assertion(s) to each control objective. There are controls in place that will prevent or detect the omission of transactions from the books and records of the organization. Oaccuracy occurrence Ocut-off a completeness O rights and obligations O accuracy, valuation and allocation Oexistence Oclassification There are controls in place to ensure that the correct amounts are assigned to the transactions. O classification O occurrence O completeness O cut-off accuracy, valuation and allocation O existence O rights and obligations O accuracy

From the list of assertions provided, select the relevant assertion(s) to each control objective. There are controls in place that will prevent or detect the omission of transactions from the books and records of the organization. Oaccuracy occurrence Ocut-off a completeness O rights and obligations O accuracy, valuation and allocation Oexistence Oclassification There are controls in place to ensure that the correct amounts are assigned to the transactions. O classification O occurrence O completeness O cut-off accuracy, valuation and allocation O existence O rights and obligations O accuracy

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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explain your answer and why other options are not correct also explain
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