Inspection of Assets Is Not a Sufficient Form of Evidence

question 18

Multiple Choice

Inspection of assets is not a sufficient form of evidence when the auditor wants to determine the

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

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Definitions:

Exam Score

The quantified performance indicator of an individual’s knowledge or skill as evaluated in an examination.

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The natural light emitted by the sun, influencing weather, climate, and various biological processes.

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A type of skin cancer that develops from the pigment-containing cells known as melanocytes.