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An auditor obtains the year end closing market price of the shares in a listed public company and applies this to the number of these

An auditor obtains the year end closing market price of the shares in a listed public company and applies this to the number of these shares owned by the entity. Which assertion is the auditor most likely addressing? Which ans in correct an which is incorrect. explain the reason for both accordingly.

The information is not incomplete.

a. Rights and obligations

b. Accuracy, valuation and allocation

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