Which of the Following Statements Concerning Financial Statement Assertions Is

Multiple Choice

Which of the following statements concerning financial statement assertions is false?

A) They are the claims management makes in presenting its financial statements.
B) Their appropriate application is determined in reference to GAAP,or the disclosed basis of accounting.
C) They are directly tied to the audit objectives auditors use to design specific evidence-gathering procedures.
D) They must be fully disclosed in the notes to the financial statements.