The Specific Audit Objective, cash Balances Are Properly Identified and Classified

question 78

Multiple Choice

The specific audit objective, cash balances are properly identified and classified in the balance sheet, is derived from the:

• A) existence or occurrence assertion.
• B) completeness assertion.
• C) rights and obligations assertion.
• D) valuation or allocation assertion.
• E) presentation or disclosure assertion.

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Definitions:

Heterosexual

A sexual orientation characterized by romantic or sexual attraction between people of the opposite sex.

Homosexual

Pertaining to or characterized by a sexual attraction towards members of one's own sex.

Binary Classifications

A system that divides objects, concepts, or people into two distinct and mutually exclusive groups.

Gender Norms

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.