Question 1 The assertion of cut-off a. ensures that events have been recorded in the correct accounts. b. reflects that all assets and liabilities that should have been recorded are recorded c is an assertion made by the auditor to help determine audit testing. d. reflects that all events have been recorded in the correct accounting period. Answer: Question 2 Assertions are statements regarding the recognition, measurement, presentation, and disclosure of items included in the financial statements a. True b. False Answer: Question 3 Olga Chevalier, CPA was reviewing account balance assertions for Athabasca Oil Sands. Which one of the following would not be an account balance assertion? a. b. c. d. completeness rights and obligations accuracy, valuation, and allocation occurrence