Three Presentation and Disclosure Audit Objectives Are Not Affected by Assessed

question 123

Multiple Choice

Three presentation and disclosure audit objectives are not affected by assessed control risk for the sales transactions.These are

• A)rights and obligations,valuation,and understandability.
• B)understandability,valuation,and occurrence.
• C)valuation,rights and obligations,and classification.
• D)classification,understandability,and rights and obligations.

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Definitions:

Prevention Focus

A motivational orientation that revolves around the avoidance of negative outcomes and the prioritization of safety and security.

Reactance

An emotional response that arises when individuals feel that their freedom to choose or act is being restricted.

Negative Emotional State

A condition of experiencing feelings such as sadness, anxiety, or anger, which negatively affects one's mood and disposition.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.