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:

Howard Hughes

An American business magnate, investor, pilot, film director, and philanthropist, known for his contributions to aviation and the film industry.

Obsessive-Compulsive Disorder

A chronic mental health condition characterized by uncontrollable, recurring thoughts (obsessions) and behaviors (compulsions).

Fear Of Germs

An anxiety disorder characterized by an excessive fear of germs, contamination, and disease.

Preoccupied

Being completely absorbed or engrossed in thought, often to the extent of being unaware of one's surroundings or other matters.