Question
34_For the audit balance-related objective: Examine sales invoices and contracts with customers to determine whether any goods are out on consignment with customers. Examine vendors
34_For the audit balance-related objective: Examine sales invoices and contracts with customers to determine whether any goods are out on consignment with customers. Examine vendors invoices and contracts with vendors to determine if any goods on the inventory listing are owned by vendors. what is the appropriate management assertion for it ?
Select one:
a. Rights and obligations
b. Completeness
c. Existence
d. Valuation and allocation
25_Appropriateness of evidence is a measure of the
Select one:
a. sufficiency of evidence
b. meaning of evidence
c. quantity of evidence
d. quality of evidence
22_which of the following is not a category of management assertions :
Select one:
a. Assertions about account balances at period end
b. Assertions about presentation and disclosure
c. Assertions about account balances at the beginning of the period
d. Assertions about classes of transactions and events for the period under audit
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