Even When All Transaction-Related Audit Objectives Are Met, the Auditor

question 98

Multiple Choice

Even when all transaction-related audit objectives are met, the auditor will still rely primarily on substantive tests of balances to meet the following balance-related audit objective(s) :

• A) realisable value
• B) rights and obligations
• C) both A and B
• D) none of the above

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Definitions:

Evolutionary Benefit

An advantage conferred by certain traits or behaviors that increases the likelihood of survival and reproduction across generations.

Protection

Measures taken to guard against harm, damage, loss, or other undesirable outcomes.

Resources

Assets, materials, or other valuables that can be used to support various actions or activities.

Ostracism

The social or psychological exclusion or isolation of an individual or group by a larger group, often resulting in feelings of loneliness and depression.