An Auditor Selected Items for Test Counts While Observing an Entity's

question 23

Multiple Choice

An auditor selected items for test counts while observing an entity's physical inventory. The auditor then traced the test counts to the entity's inventory listing. This procedure most likely provided evidence concerning management's assertion of:

• A)rights and obligations.
• B)completeness.
• C)existence.
• D)valuation.

---

Definitions:

Microelectrode

A microscopic insulated wire or a saltwater-filled glass tube whose uninsulated tip is used to stimulate or record from neurons.

Electroencephalogram

A test that measures and records the electrical activity of the brain using small, flat metal discs attached to the scalp.

Oscilloscope

Specialized device that serves as a sensitive voltmeter, registering changes in voltage over time.

Neocortex

Most recently expanded outer layer (“new bark”) of the forebrain, composed of about six layers of gray matter. Its name is a misnomer, as it actually isn’t newer because it arose at the same time during evolution as other forms of cortex. It is also called isocortex because it is almost always six-layered, with few exceptions.