What management assertion primarily impacted is

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Problem 1: Several fake clients were created and fake sales were added into the sales journal throughout the year. The management assertion affected by these actions is

a) Occurrence

b) Classification

c) Completeness

d) None of the options are correct

e) Accuracy

Problem 2: BC Technology Ltd. has recently entered into a new $10,000,000 long-term debt arrangement. As part of this year's audit, the auditors will need to read the new debt agreement and ensure that the company has recorded an appropriate allocation on the balance sheet between the current and long term portion of the debt. The management assertion primarily impacted is:

a) Classification

b) Occurrence

c) Cut-off

d) Accuracy

e) Completeness

Reference no: EM132622776

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