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.

---

Definitions:

Sociologists

Scholars or researchers who study social behavior, institutions, and structures from various perspectives within the field of sociology.

Criticisms

The expression of disapproval of someone or something based on perceived faults or mistakes.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by a combination of income, education, and occupation.

Making More Money

The pursuit or process of increasing one's income or financial assets.