Jones, CPA, is planning the audit of Rhonda’s Company. Rhonda verbally asserts to Jones that all expenses for the year have been recorded in the accounts. Rhonda’s representation in this regard
A. Is sufficient evidence for Jones to conclude that the completeness assertion is supported for expenses.
B. Can enable Jones to minimize the work on the gathering of evidence to support Rhonda’s completeness assertion.
C. Should be disregarded because it is not in writing.
D. Is not considered a sufficient basis for Jones to conclude that all expenses have been recorded.
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