Multiple Choice
What are relevant assertions?
A) relevant assertions are the assertions related to the income statement or balance sheet account that must be correct if the auditor says the financial statements are correct
B) relevant assertions are the assertions related to the income statement or balance sheet account that must be correct if the auditor says the financial statements are materially correct
C) relevant assertions are the assertions related to the income statement or balance sheet account that might be correct if the auditor says the financial statements are materially correct
D) relevant assertions are the assertions related to the income statement or balance sheet account that should be correct if the auditor says the financial statements are correct
Correct Answer:
Verified
Correct Answer:
Verified
Q102: The system of quality control established by
Q103: To identify the risk of material misstatement,the
Q104: During the planning process,the auditor determines the
Q105: The auditor designs the risk assessment procedures
Q106: When an auditor agrees to perform an
Q108: The audit risk model is a theoretical
Q109: How does the auditor gain an understanding
Q110: The audit risk model is a theoretical
Q111: When an auditor agrees to perform an
Q112: During the planning process,the auditor determines the