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Match the list of audit objectives for investments to the appropriate audit assertion relating to classes of transactions. Audit Objective Assertion Investment transactions are recorded
Match the list of audit objectives for investments to the appropriate audit assertion relating to classes of transactions.
| Audit Objective | Assertion | |
|---|---|---|
| Investment transactions are recorded in the correct accounts. | select an audit assertion Cut-OffAccuracyCompletenessClassification | |
| Investment revenues, gains, and losses are reported at proper amounts. | select an audit assertion Cut-OffCompletenessAccuracyClassification | |
| Investment transactions are recorded in the proper period. | select an audit assertion AccuracyCut-OffCompletenessClassification | |
| All sales of investments during the period have been recorded as disposals. | select an audit assertion CompletenessClassificationAccuracyCut-Off |
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
