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Which of the Following Presentation and Disclosure-Related Audit Objectives Has

question 136

Multiple Choice

Which of the following presentation and disclosure-related audit objectives has a matching transaction-related audit objective,but not a matching balance-related audit objective?


Definitions:

Delivery

The process of transferring goods from one party to another.

Personal Property

Tangible or intangible items that belong to an individual or business, excluding real estate.

True Owner

The individual or entity that holds the legitimate rights to ownership or possession of property.

Finder

An individual who locates and takes possession of an item that was lost or unclaimed.

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