Which of the Following Management Assertions Is an Auditor Most

question 1

Multiple Choice

Which of the following management assertions is an auditor most likely testing if the audit objective states that all inventory on hand is reflected in the ending inventory balance?

• A)The entity has rights to the inventory.
• B)Inventory is properly valued.
• C)Inventory is properly presented in the financial statements.
• D)Inventory is complete.

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Definitions:

Online Behavior

The actions or conduct of individuals on the internet, including social media interaction and browsing habits.

Website Visitors

Individuals who access and browse a website, potentially becoming customers, clients, or followers.

Promotional Messages

Communications designed to inform, persuade, or remind consumers about a product, service, or brand.

Legally Binding

A term describing agreements or contracts that are enforceable by law, requiring all parties to fulfill their obligations.