When Testing for the ________ Assertion, Auditors Search for Assets

question 92

Multiple Choice

When testing for the ________ assertion, auditors search for assets, liabilities and equity items to ensure they have been recorded.

• A)cutoff
• B)valuation and accuracy
• C)completeness
• D)presentation and disclosure

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Definitions:

Blu-ray Discs

High-definition optical disc format used for data storage and as a medium for video playback.

DVDs

Digital Versatile Discs, a type of optical storage media used for playing movies, software, and other data.

Efficiency

Optimal allocation of resources to ensure the best possible outcome or utility with minimal waste or inefficiency.

Efficiently Allocated

The optimal distribution of resources among different possibilities to maximize productivity and utility.