International Auditing Standards and U

question 19

Multiple Choice

International auditing standards and U.S.GAAP classify assertions into three categories.Which of the following is not a category of assertions that management makes about the accounting information in financial statements?

• A)Assertions about classes of transactions for the period under audit
• B)Assertions about account balances at period end
• C)Assertions about the quality of source documents used to prepare the financial statements
• D)Assertions about presentation and disclosure

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Definitions:

Multinational Mobilization

The organization and movement of resources, including human and logistical support, across national boundaries to achieve specific objectives.

Social Scare

A phenomenon where a society experiences widespread fear or panic over an issue perceived as a threat to social stability.

Personal Sacrifices

Voluntary acts of giving up personal desires or comforts for a greater good or to meet the needs of others.

Environmental

Relating to the natural world and the impact of human activity on its condition.