In the Audit of Accounts Receivable,the Most Important Emphasis Should

question 74

Multiple Choice

In the audit of accounts receivable,the most important emphasis should be on the

• A) Completeness assertion.
• B) Existence assertion.
• C) Rights and obligations assertion.
• D) Presentation and disclosure assertion.

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Definitions:

Gross Domestic Product (GDP)

The value of finished goods and services produced within a country’s borders.

Skills Shortage

A difficulty finding people with the right skills to fill vacant positions.

Human Resource

The department within an organization that deals with recruitment, management, and development of its employees.

Human Capital

The collective skills, knowledge, and expertise that individuals possess, which can be utilized to create economic value.