Which Assertion Related to Investments Is Tested When the Auditor

question 92

Multiple Choice

Which assertion related to investments is tested when the auditor examines the documents for any restrictions?

• A)Existence.
• B)Rights.
• C)Completeness.
• D)Valuation.

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Definitions:

Spontaneous Recovery

In psychology, the reappearance of a conditioned response after a delay or period of extinction.

Consistent

Showing steady conformity to character, profession, belief, or custom.

Experiments

Research methods employed to explore, verify a hypothesis, or prove an established truth.

Model

A representation, either physical, mathematical, or conceptual, used to describe, explain, or predict phenomena in the real world.