Final answer:
The claim that a violation of the completeness transaction-related audit objective for cash disbursements leads to an overstatement is false; it actually results in an understatement of cash disbursements.
Step-by-step explanation:
The statement that the effect of a violation of the completeness transaction-related audit objective for cash disbursement transactions would be an overstatement of cash disbursements is false. The completeness objective concerns ensuring that all transactions that should have been recorded have been recorded. In the case of cash disbursements, a violation of completeness would typically mean that some cash disbursements that were made are not recorded. This would lead to an understatement, not an overstatement, of cash disbursements in the financial records because the expenses or outflows of cash are missing or incomplete.