When Auditing Liabilities Account Balances,auditors Are Most Concerned with Management

question 93

Multiple Choice

When auditing liabilities account balances,auditors are most concerned with management' assertion about

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

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Definitions:

Fixative

A fixative is a chemical solution used to preserve biological tissues, preventing decay and maintaining the structure for microscopic examination or medical procedures.

Specimen

A sample of something, such as tissue, blood, or urine, that is taken for medical examination or analysis.

Cutting

The act or process of making an incision or separation with a sharp instrument.

Scissor Motion

A movement involving two parts moving past each other in opposite directions, similar to the action of a pair of scissors.