An Auditor Selected Items for Test Counts While Observing a Client's

question 32

Multiple Choice

An auditor selected items for test counts while observing a client's physical inventory.The auditor then traced the test counts to the client's inventory listing.This procedure most likely obtained evidence concerning management's balance assertion of

• A)Rights and obligations.
• B)Completeness.
• C)Existence.
• D)Accuracy and valuation.

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Definitions:

Motion to Dismiss

A legal pleading filed by a defendant in a lawsuit asking the court to dismiss the case on the grounds that, even if all the claims by the plaintiff are true, there is no legal basis for a lawsuit.

Certiorari Jurisdiction

The authority of a superior court to review and correct the decisions of a lower court or tribunal, often invoked through a writ of certiorari.

Appellate

Relating to the process of appealing a court decision, where a higher court reviews the decision of a lower court.

Subject-matter Jurisdiction

The authority of a court to hear and decide cases of a particular category or those involving specific types of issues.