The Specific Audit Objective for the Audit of investments, Investment

question 75

Multiple Choice

The specific audit objective for the audit of investments, investment balances are properly identified and classified in the financial statements, 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:

Histogram

A graphical representation of data using bars of different heights to show the distribution of values.

Histogram

A graphical representation of the distribution of numerical data, showing the number of data points that fall within specified ranges.

Graph

A visual representation of data, utilizing points, lines, bars, or symbols to demonstrate relationships or patterns among variables.

Visual Representation

The use of charts, graphs, or diagrams to present data and information visually.