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.

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Definitions:

Conversations

The interactive and informal exchange of ideas and information between two or more people.

Distracting Emotional Noise

Refers to emotional disturbances that interfere with the ability to listen or communicate effectively.

Effective Listening

The skill of attentively hearing, understanding, and responding to verbal messages and non-verbal cues in communications.

Criticizing

involves expressing disapproval or pointing out the faults of something or someone, often aiming to indicate areas of improvement or to enforce standards.