Management Assertions Are

question 9

Multiple Choice

Management assertions are

• A)stated in the footnotes to the financial statements.
• B)implied or expressed representations about the accounts in the financial statements.
• C)explicitly expressed representations about the financial statements.
• D)provided to the auditor in the engagement letter,but are not disclosed on the financial statements.

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Definitions:

Animal Training

The practice of teaching animals specific responses to specific conditions or stimuli, often used for companionship, service, or entertainment.

Emotional Reactions

The spontaneous and often unconscious responses to events or stimuli that involve feelings, physiological arousal, and changes in behavior.

Reaction Time

The amount of time it takes to respond to a stimulus.

Observable Behaviours

Observable and quantifiable behaviors or responses of a person to either external or internal factors.