Which of the Following Is Not One of the AICPA

question 6

Multiple Choice

Which of the following is not one of the AICPA categories of assertions?

• A) assertions about classes of transactions and events for the period under audit
• B) assertions about financial statements and correspondence to GAAP
• C) assertions about account balances at period end
• D) assertions about presentation and disclosure

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Definitions:

Scavenging

The act of consuming dead or decaying organic matter, a process carried out by certain animals, fungi, and microorganisms, which helps recycle nutrients in ecosystems.

Resource

Any physical or virtual entity of limited availability that needs to be consumed to obtain a benefit from it, often considered in the context of natural resources or economic assets.

Exotic Species

Non-native species introduced to a new environment where they do not naturally occur, potentially causing ecological disruption.

Pioneer Species

Species that can colonize a new habitat.