Multiple Choice
During a client's stocktake you select a sample of items from the floor, count them and trace the quantities to the inventory summary sheet.Which financial report assertion is this audit procedure related to?
A) Valuation and allocation.
B) Rights and obligations.
C) Completeness.
D) Existence.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is the best
Q11: An auditor using audit software would probably
Q12: All of the following evidence-gathering procedures can
Q13: Once an auditor has determined that accounts
Q15: A normal audit procedure is to analyse
Q17: Which of the following is necessary to
Q18: Which of the following is one of
Q19: Tests designed to detect goods that arrived
Q20: Substantive testing is typically used to audit
Q21: The auditor will most likely perform extensive