Which of the Following Is Not a Primary Objective of the Auditor

question 33

Multiple Choice

Which of the following is not a primary objective of the auditor in undertaking substantive testing of current assets?

• A)Determine the completeness of the recorded current assets.
• B)Establish the existence of the current assets.
• C)Determine the adequacy of the internal control.
• D)Determine that the entity holds or controls the right to the current asset.

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Definitions:

Methyl Salicylate

An organic compound used as a flavoring agent and in pain relief medications.

Jasmonic Acid

A plant hormone involved in various plant processes, including growth, reproduction, and defense against pests and diseases.

Phototropins

A family of yellow pigments responsible for such blue light responses as the phototropic response and stomatal opening.

Light-Activated Kinases

Enzymes that become active in response to light, playing a crucial role in various biological processes, including photosynthesis and circadian rhythms.