An Auditor Determines That There Is an Inherent Risk That

question 35

Multiple Choice

An auditor determines that there is an inherent risk that stock options exercised or expired remain on the organization's books.This determination is most likely tied to which of the following management assertions?

• A)Valuation.
• B)Presentation and disclosure.
• C)Rights and obligations.
• D)Existence.

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Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body, terminating a marital union and relieving the parties of marital obligations.

Separation

The action or state of moving or being apart from something or someone; can refer to emotional or physical distancing.

Stereotypes

Oversimplified and widely held beliefs about the characteristics of a group of people, which often lead to prejudice and discrimination.

Single People

Individuals who are not currently in a marital or committed romantic relationship.