International Auditing Standards and U

question 19

Multiple Choice

International auditing standards and U.S.GAAP classify assertions into three categories.Which of the following is not a category of assertions that management makes about the accounting information in financial statements?

• A)Assertions about classes of transactions for the period under audit
• B)Assertions about account balances at period end
• C)Assertions about the quality of source documents used to prepare the financial statements
• D)Assertions about presentation and disclosure

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Definitions:

Specific Job

refers to a particular position with a defined set of responsibilities and requirements within an organization.

Five-Stage Team Development

A model outlining the phases teams typically go through: forming, storming, norming, performing, and adjourning.

Disband

The process of formally dissolving a group, organization, or assembly.

Superior

An individual who holds a higher position or rank, often having authority over others.