Substantive Tests Must Be Designed to Tests Specific Audit Objectives

Multiple Choice

Substantive tests must be designed to tests specific audit objectives.
REQUIRED: For the following specific audit procedures, indicate the assertion that is being tested. Use the following letters, placing your response in the space provideD.
-Trace beginning balance for accounts payable to prior year's working papers.

A) Existence or occurrence
B) Completeness
C) Valuation or allocation
D) Rights and obligations
E) Presentation and disclosure