When auditing account balances of liabilities, auditors are most concerned with managements assertion about a. Existence. b.

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When auditing account balances of liabilities, auditors are most concerned with management’s assertion about
a. Existence.
b. Rights and obligations.
c. Completeness.
d. Valuation and allocation.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:41 AM

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When auditing account balances of liabilities, auditors are most concerned with managements assertion about a. Existence. b.

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a b Incorrect Although auditors are always concerned about existence and rights and o...View the full answer

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