The Specific Audit Objective for the Audit of Investments, all

question 80

Multiple Choice

The specific audit objective for the audit of investments, all investments are included in the balance sheet investment accounts, relates to 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:

Organizational Tactics

Specific actions or strategies that an organization employs to achieve its objectives and navigate its business environment.

Core Values

Fundamental beliefs or principles that guide an organization's internal conduct as well as its relationship with the external world.

Enduring Principles

Fundamental and lasting beliefs or guidelines that dictate behavior and action.

Conduct Over Time

Refers to the patterns or manners of behavior that an individual or organization demonstrates consistently over a period.