An Auditor Most Likely Would Review an Entity's Periodic Accounting

question 53

Multiple Choice

An auditor most likely would review an entity's periodic accounting for the numerical sequence of shipping documents and invoices to support management's financial statement assertion of:

• A)rights and obligations.
• B)completeness.
• C)presentation and disclosure.
• D)existence or occurrence.

---

Definitions:

Satisfying State

A condition of fulfillment or contentment in an individual's life, often achieved when personal needs or desires are met.

Maslow's Hierarchy

A psychological theory proposing a five-tier model of human needs, from basic physiological needs to self-actualization.

Google Search

An internet search engine developed by Google, allowing users to search for information on the World Wide Web.

Need Pyramid

A hierarchical structure of human needs, often depicted as a pyramid, where basic needs must be fulfilled before higher-level needs can be achieved.