According to PCAOB Auditing Standard No

question 36

Multiple Choice

According to PCAOB Auditing Standard No.2201 (AS 2201) ,the auditor should identify significant accounts and disclosures and their relevant assertions.Which of the following financial statement assertions is not explicitly identified in AS 2201?

• A)Completeness
• B)Valuation or Allocation
• C)Accuracy
• D)Existence or Occurrence
• E)All of these are assertions identified in AS 5.

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Definitions:

Spectral Data

Information obtained from the analysis of the spectrum of a compound, used to deduce its structure.

Spectroscopic Technique

A method used to measure the interaction of electromagnetic radiation with matter, often to identify or quantify components within a sample.

Alcohol

A chemical compound that is organic in nature, identified by the presence of at least one hydroxyl group (-OH) linked to a carbon atom.

Splitting Tree

A graphical representation used in mathematics and computer science to describe the structure of an algorithm or a process that divides a problem into smaller parts recursively.