Physical Examination of Assets Is NOT a Sufficient Form of Evidence

question 118

Multiple Choice

Physical examination of assets is NOT a sufficient form of evidence when the auditor wants to determine the:

• A) quantity and description of the asset.
• B) ownership of the asset.
• C) condition or quality of the asset.
• D) existence of the asset.

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Definitions:

Speaking

The act of conveying thoughts, feelings, or information verbally in a structured and continuous manner.

Axon

A thin, elongated extension of a neuron, or nerve cell, that usually transmits electrical signals from the cell body of the neuron.

Neurons

Cells in the nervous system specialized in transmitting information by means of electrical and chemical signals.

Messages

Information or communication sent from one person or entity to another, typically involving a transfer of data, ideas, or feelings.