When an Auditor Reviews Additions to the Equipment (Fixed Asset)account

question 85

Multiple Choice

When an auditor reviews additions to the equipment (fixed asset) account to make sure that repair and maintenance expenses are not understated,she wants to obtain evidence as to management's assertion regarding

• A) Completeness.
• B) Existence.
• C) Valuation and allocation.
• D) Rights and obligations.
• E) Occurrence.

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Definitions:

Repression

A defense mechanism where unpleasant thoughts or desires are unconsciously excluded from the conscious mind.

Suppression

Consciously or unconsciously avoiding or holding back thoughts and feelings perceived as unacceptable.

Nonconscious Process

Mental processes that occur outside of human awareness, influencing thoughts, feelings, and behaviors without conscious recognition.

Unconscious Process

Cognitive processes that occur without conscious perception, impacting emotions, thoughts, and actions.