Multiple Choice
Which assertion for ending inventory is most likely at risk of material misstatement if the gross profit percentage is much greater than last year?
A) Existence.
B) Completeness.
C) Rights and obligations.
D) Accuracy.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: In determining the adequacy of the allowance
Q2: From the auditor's point of view, inventory
Q3: During the current financial year, the client
Q4: Which of the following is the best
Q5: An auditor would be least likely to
Q7: Which of the following is an exception
Q8: An aged trial balance of accounts receivable
Q9: In the audit of Cassie Ltd, a
Q10: 'While auditing James Ltd, you find that
Q11: An auditor using audit software would probably