FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Roy Company, a CPA firm, conducted an audit for the 2020 financial
statements of Sally Corporation. During the course of the audit, the
auditors found that shipments were made to an employee's friend and
intentionally never recorded. Which of the following assertions was
violated? *
Completeness
Classification
O Cutoff
Rights and obligations
None of the above
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Transcribed Image Text:Roy Company, a CPA firm, conducted an audit for the 2020 financial statements of Sally Corporation. During the course of the audit, the auditors found that shipments were made to an employee's friend and intentionally never recorded. Which of the following assertions was violated? * Completeness Classification O Cutoff Rights and obligations None of the above
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