Management Assertions Are

question 49

Multiple Choice

Management assertions are

• A) directly related to the financial reporting framework used by the company, usually U.S. GAAP or IFRS.
• B) stated in the footnotes to the financial statements.
• C) explicitly expressed representations about the financial statements.
• D) provided to the auditor in the assertions letter, but are not disclosed on the financial statements.

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Definitions:

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A function in C used to write a string to a file.

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A standard library function in C used to write a character to a file or output stream.

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A data unit consisting of 8 bits represented in hexadecimal format, often used in computing to encode binary information.

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