If the Auditor Is Performing Substantive Procedure to Determine Whether

question 90

Multiple Choice

If the auditor is performing substantive procedure to determine whether the long-lived asset balance is reflected on the balance sheet in the noncurrent section, which of the following assertions is being tested?

• A) Existence.
• B) Completeness.
• C) Presentation and Disclosure.
• D) Rights and Obligations.

---

Definitions:

Permafrost

Permanently frozen ground, usually occurring in the tundra, a biome of Arctic regions.

Little Rainfall

A climatic condition characterized by low precipitation over a period of time, which can influence ecosystems, agriculture, and water resources.

Reindeer

A large type of deer living in the Arctic and Subarctic regions known for their migration in large herds and their domestication in some areas.

Characteristic Climate

The average weather conditions, including temperature, precipitation, and wind, typically found in a particular region over a long period.