An Auditor Most Likely Would Review an Entity's Periodic Accounting

question 43

Multiple Choice

An auditor most likely would review an entity's periodic accounting for the numerical sequence of shipping documents and invoices to support management's financial statement assertion of:

• A) Occurrence.
• B) Classification.
• C) Cutoff.
• D) Completeness.

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Definitions:

China

A country in East Asia, known as the world's most populous nation with a continuous culture stretching back nearly 4,000 years.

United States

The United States is a country in North America, known for its significant influence on global economic, political, and cultural affairs.

Trade

The trading of goods, services, or a combination of both among two or more entities.

Large Cities

Urban areas with a large population density and extensive systems for housing, transportation, sanitation, utilities, land use, and communication.