In the Audit of Accounts Receivable, the Most Important Emphasis

question 22

Multiple Choice

In the audit of accounts receivable, the most important emphasis should be on the:

• A)completeness assertion.
• B)existence assertion.
• C)rights and obligations assertion.
• D)presentation and disclosure assertion.

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Definitions:

Sample

A smaller group chosen from a larger population for the purposes of conducting surveys, observations, or interviews to gather data representative of the whole population.

Confidence Interval

A range of values, derived from sample data, that is believed to contain the true population parameter with a certain level of confidence.

Desired Level

Typically refers to a predetermined threshold or goal in research or goal-setting contexts.