In Testing the Completeness Assertion for a Liability Account,an Auditor

question 15

Multiple Choice

In testing the completeness assertion for a liability account,an auditor ordinarily works from the

• A) Financial statements to the potentially unrecorded items.
• B) Potentially unrecorded items to the financial statements.
• C) Accounting records to the supporting evidence.
• D) Trial balance to the subsidiary ledger.

---

Definitions:

Largest Amount

Refers to the greatest quantity or volume of a substance or object compared to others in a given set or context.

Alcoholic Beverage

A drink containing ethanol, commonly known as alcohol, produced by fermenting grains, fruits, or vegetables.

Alcohol Content

The measure of how much ethanol (drinking alcohol) is contained in an alcoholic beverage, expressed as a percentage of total volume.