The Auditor Performs Substantive Procedures Related to Property,plant,and Equipment to Determine

question 15

Multiple Choice

The auditor performs substantive procedures related to property,plant,and equipment to determine if the assets have been pledged as collateral or title has transferred.What is the primary assertion the auditor is testing?

• A)Valuation.
• B)Rights.
• C)Completeness.
• D)Existence.

---

Definitions:

Cephalocaudal Development

A pattern of growth where physical development starts from the head and moves towards the feet.

Embryo

An early stage of development in multicellular organisms, in humans, it refers to the period from fertilization until the eighth week of pregnancy.

Top Down

A processing approach where perception starts with the input of a general idea or framework before breaking down into smaller components.

Radiation

The emission of energy as electromagnetic waves or as moving subatomic particles, especially high-energy particles that cause ionization.