In Testing the Existence Assertion for an Asset, an Auditor

question 68

Multiple Choice

In testing the existence assertion for an asset, an auditor ordinarily works from the:

• A)potentially unrecorded items to the financial report.
• B)financial report to the potentially unrecorded items.
• C)supporting evidence to the accounting records.
• D)accounting records to the supporting evidence.

---

Definitions:

NBA

Short for National Basketball Association, it is a professional basketball league in North America comprising 30 teams.

NFL

National Football League, a professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Vine

A short-form video hosting service where users could share six-second-long looping video clips, discontinued in 2017.

Natural-Language Recognition

The ability of a computer to understand and interpret human language as it is spoken or written.