An Auditor Tests an Entity's Control That Matches Shipping Documents

question 59

Multiple Choice

An auditor tests an entity's control that matches shipping documents to sales invoices before they are recorded in the financial statements as revenue in support of management's financial statement assertion of:

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

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Definitions:

Storage Class

Defines the scope, visibility, and lifetime of variables or functions within a C program.

Global Variable

A variable that is defined in the global scope, accessible and modifiable by any part of the code, across different functions and files.

Extern

The extern keyword in C and C++ is used to declare a variable or function in another file, indicating that its definition will be found elsewhere.

Source Code

The original code written by a programmer in a high-level programming language before it is compiled into machine code.