In Confirming with an Outside Agent, Such as a Financial

question 81

Multiple Choice

In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the client's name, an auditor most likely gathers evidence in support of ASB balance assertion of existence and:

• A)valuation.
• B)rights and obligations.
• C)completeness.
• D)accuracy.

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Definitions:

Argument

An explanation or collection of explanations offered to justify the correctness or incorrectness of a particular action or notion to persuade others.

Hypothetical

Based on or involving a hypothesis; not real but imagined for the purpose of discussion or further investigation.

Disjunctive

Relating to a logical disjunction, characterized by the use of "or" in presenting alternatives or options where at least one must be true.

Disjunctive

Pertaining to a logical relation involving a choice between two clauses where at least one must be true.